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Jason Oberman Of Blox Ventures LLC Acquires R&D Campus In Mountain View For $11M
SOLD
$11,000,000
California
See Similar DealsOffice293,550 SF
Sold 07/01/2025
SOLD
Jason Oberman Of Blox Ventures LLC Acquires R&D Campus In Mountain View For $11M
2400 Bayshore Parkway, 2450 Bayshore Parkway & 2425 Garcia Avenue
See Similar DealsOffice293,550 SF
Sold 07/01/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$37
Total Square Footage:293,550 SF
Transaction Type:Sale
Blox Ventures LLC acquired a 97,850 square foot, three-building R&D campus located at 2400, 2450 Bayshore Parkway & 2425 Garcia Avenue in Mountain View. The sale was completed for $11,000,000, equating to $112 per square foot, and spans an area of 7.34 acres.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,000,000
- Address: 2400, 2450 Bayshore Parkway & 2425 Garcia Avenue
- Market: Mountain View
- Square Footage: 97,850
- Price per Square Foot: $112
- Acres: 7.34
- Buyer: Jason Oberman - Blox Ventures LLC
Blox Ventures acquired the property positioned between Google and Intuit headquarters as part of the North Bayshore Precise Plan, exploring potential redevelopment opportunities for housing to contribute to the area's residential growth.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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