Ron Vachris Of Costco Wholesale Corp Purchases Office Property In San Jose For $14 Million

The property asset involved in this transaction is an office located at 1704 Automation Parkway in the San Jose market. The sale price was $14,000,000, with a square footage of 85,270, resulting in a price per square foot of $164.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $14,000,000
• Buyer: Ron Vachris - Costco Wholesale Corp.
• Seller: Nautilus Global Investment
• Sale Date: 06/26/2025
• Previous Sale Price: $21,500,000 (2017)
• Potential Future Use: Relocated and expanded gas station

Ron Vachris represented Costco Wholesale Corp. in the acquisition, while Nautilus Global Investment was the seller. This transaction marks a significant price reduction from the property's last sold price in 2017. Permit filings suggest plans for redevelopment at the site, indicating a strategic shift for Costco in the area.