Updated Mar 6, 2026
Jack Choi Of Anatomage Inc. Acquires Office Building From South Bay Development For $27.8M
3750 Zanker Road
$27,800,000
$183/SF
Building Size
151,400 SF
Asset Type
Office
Closing
Mar 3, 2026
About this deal
AI
The property asset involved in the transaction is a 151,400-square-foot office building located at 3750 Zanker Road in San Jose. The sale price of the property was $27,800,000, which equates to a price per square foot of $184.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27,800,000
- Buyer: Jack Choi - Anatomage Inc.
- Seller: South Bay Development
- Date of Transaction: 03/03/2026
- Market: San Jose
- Square Footage: 151,400
- Price Per Square Foot: $184
An affiliate of South Bay Development Co. sold the office building to an affiliate of Anatomage Inc. The transaction follows South Bay Development's acquisition of the broader campus for $63 million late last year, and the property was formerly owned by Cisco.
Players
San Jose Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93