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

Property Image
SOLD
$15,000,000
Steve Gozini
JH
EY

California

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Office110,700 SF
Sold 05/20/2025
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Property Image
SOLD

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

2125 O'nel Drive

See Similar Deals
Office110,700 SF
Sold 05/20/2025
Steve Gozini
JH
EY
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$135
Total Square Footage:110,700 SF
Transaction Type:Sale

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.

Players

Steve Gozini
B.H. Properties
Steve Gozini
8 deals$109.8M volume
BUYER
JH
John Hamilton
3 deals$31.8M volume
SELLER
EY
Eric Yopes
3 deals$31.8M volume
SELLER

Details

SOLD
IMAGE: Steve Gozini, Eric Yopes & John Hamilton DATE: 05/20/2025 ADDRESS: 2125 O'nel Drive MARKET: San Jose ASSET TYPE: Office BUYER: Steve Gozini - BH Properties SELLER: Eric Yopes & John Hamilton - Embarcadero Capital Partners SALE PRICE: $15,000,000 SF: 110,700 ~ PPSF: $136 NOTE: BH Properties bought a 110,700-square-foot office building in San Jose for $15M, a steep drop from its $34.1M assessed value and the $24.1M Embarcadero Capital Partners paid in 2018. The sale highlights ongoing declines in Bay Area office values amid high vacancies and falling rents, raising concerns over shrinking property tax revenues.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$799,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83