Steve Gozini Of BH Properties Acquires Office Building In San Jose For $15M

An office building located at 2125 O'nel Drive in San Jose was sold for $15,000,000. The property spans 110,700 square feet and has a price per square foot of $136. This sale marks a notable decrease from its assessed value of $34.1 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,000,000
• Buyer: Steve Gozini - BH Properties
• Seller: Eric Yopes & John Hamilton - Embarcadero Capital Partners
• Square Footage: 110,700
• Price per Square Foot: $136
• Market: San Jose

Steve Gozini represented BH Properties in the transaction, while Eric Yopes and John Hamilton represented Embarcadero Capital Partners. The sale reflects ongoing declines in Bay Area office values, characterized by high vacancies and falling rents.