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1109 Mckay Drive

Daria Hosseinyoun Of FH One Investments Acquires North San Jose HQ Campus For $29.5M
SOLDOffice

Daria Hosseinyoun Of FH One Investments Acquires North San Jose HQ Campus For $29.5M

1109 Mckay Drive

$29,500,000

$265/SF

Building Size

111,000 SF

Asset Type

Office

Closing

Jul 25, 2025

AI

The transaction involved the sale of an office asset located at 1109 & 1151 Mckay Drive, San Jose, with a sale price of $29,500,000. The property encompasses a total square footage of 111,000. This asset is part of the North San Jose HQ campus that was previously owned by Synaptics.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $29,500,000
  • Buyer: Daria Hosseinyoun - FH One Investments
  • Seller: Synaptics
  • Square Footage: 111,000
  • Price Per Square Foot: $266
  • Market: San Jose
  • Note: FH One Investments acquired the property with Synaptics remaining as a tenant under a long-term lease, following a strategic approach to acquire undervalued tech assets.

Daria Hosseinyoun represented FH One Investments in this transaction. The acquisition aligns with FH One’s strategy of investing in undervalued tech assets, particularly after completing a $13M office buy in Concord.

Players

San Jose Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93