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Jason Oberman Of Blox Ventures Purchases Office Building From Rick Stone Of Everwest Advisors For $20.6M

Property Image
SOLD
$20,600,000

California

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Office109,333 SF
Sold 03/24/2025
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Property Image
SOLD

Jason Oberman Of Blox Ventures Purchases Office Building From Rick Stone Of Everwest Advisors For $20.6M

6001 Shellmound Street

See Similar Deals
Office109,333 SF
Sold 03/24/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$188
Total Square Footage:109,333 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 6001 Shellmound Street in Emeryville. This office space has a total square footage of 109,333.0 and was sold for a price of $20,600,000.00.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $20,600,000.00
  • Address: 6001 Shellmound Street
  • Market: Emeryville
  • Square Footage: 109,333.0
  • Buyer: Jason Oberman - Blox Ventures
  • Seller: Rick Stone - Everwest Advisors

Jason Oberman, representing Blox Ventures, acquired the property from seller Rick Stone, who represented Everwest Advisors. This transaction highlights the engagement of these companies in the Emeryville market.

Players

Rick Stone
Rick Stone
14 deals$329.8M volume
SELLER

Details

SOLD
IMAGE: Jason Oberman & Rick Stone DATE: 03/24/2025 ADDRESS: 6001 Shellmound Street MARKET: Emeryville ASSET TYPE: Office BUYER: Jason Oberman - Blox Ventures SELLER: Rick Stone - Everwest Advisors SALE PRICE: $20,600,000 SF: 109,333 ~ PPSF: $188 NOTE: Blox Ventures bought the 109,300-square-foot office building at 6001 Shellmound St. through a deed in lieu of foreclosure, acquiring it for $20.6M—44.6% below its assessed value. The firm positioned itself for the deal by purchasing the property's loan for $6.8M in January 2025, betting on long-term potential despite its 60% occupancy rate.

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

$1,098,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$73,187.44
Cash-on-Cash Return-1.27%
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