Updated Jul 2, 2025
Jason Oberman Of Blox Ventures LLC Acquires R&D Campus In Mountain View For $11M
2400 Bayshore Parkway, 2450 Bayshore Parkway & 2425 Garcia Avenue
$11,000,000
$37/SF
Building Size
97,850 SF
Asset Type
Office
Closing
Jul 1, 2025
About this deal
AI
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.
On the Map
$11,000,000
$37/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93