Category Archives: Recent Sales
Address: 2054-2070 Burroughs Ave, San Leandro, CA
Seller: Service West, Inc.
Buyer: Terreno Realty Corp.
RBA SF: 129,000 SF (Total 3 buildings)
Lot size: 5.98 AC (260,488 SF)
Selling price: $13,300,000 ($103.10/SF)
The properties were 100% leased at the time of sale and had an estimated cap rate of 5.3%.
Address: 625 North King Road, San Jose, CA
Seller: North King Limited
Buyer: Kalyan Properties
RBA SF: 42,500 SF building
Lot size: 1.80 AC (78,408 SF)
Selling price: $3,612,500 ($85.00/SF on land)
Address: 858 Hinckley Road, Burlingame
Seller: Sheet Metal Workers Local #104
Buyer: Essence Printing
RBA SF: 13,572 total
Lot size: 0.99 AC (43,124 SF)
Selling price: $3,121,560 ($230.00/SF)
Type: Industrial – Manufacturing
This was expansion space for the buyer who does printing and needed heavy power.
Address: 40 Edwards Court, Burlingame, CA
Seller: RILCO-Edwards, LLC
Buyer: North First Street Properties Management LLC
RBA SF: 11,000 SF building
Lot size: 3.53 AC (153,766 SF)
Selling price: $6,800,000 ($44.22/SF on land)
Type: Land Investment
The purchaser was in a 1031 exchange. The property is leased to several parking clients.
Address: 635 West Capitol Expressway, San Jose, CA
Seller: HDSJ, LLC
Buyer: 1988 Fiore Living Trust
RBA SF: 122,265 total
Lot size: 11.43 AC (497,891 SF)
Selling price: $$15,575,000 ($127.38/SF)
Type: NNN Investment – Retail
This investment had 22 offers submitted from a variety of 1031 exchange buyers. This transaction represents a 3.77% cap rate.
Address: 1180 Coleman Ave, San Jose, CA
Seller: Joan Raznatovich
Buyer: The Lighthouse Family Trust dba “Valley Mechanical”
RBA SF: 10,1620 total
Lot size: 0.47 AC (20,639 SF)
Selling price: $1,650,000 ($146.62/SF)
Type: Class C Office
Address: 2975 Volpey Way, Union City, CA
Seller: Citrus Coast Distributors
Buyer: P&R Paper Supply Company
RBA SF: 60,080 total
Lot size: 2.90 AC (126,324 SF)
Selling price: $5,500,000 ($91.54/SF)
The building features seven loading docks with four Kelley Load levelators, heavy power, clear heights of 24 feet, fire sprinklers and skylights. This was an owner/user purchase.
Address: 311 Turqoise Street, Milpitas, CA
Seller: Stanley Deck
Buyer: Lenthor Engineering
RBA SF: 55,414 total
Lot size: 3.56 Acres (155,073 SF)
Selling price: $4,308,438 ($77.75/SF)
The property was sold to an owner/user. The property had multiple upgrades including TPO Reflective Roof, air products nitrogen pipeline on-site, and multiple equipment pads.
Address: 201 Spear Street, San Francisco, CA
Seller: Cornerstone Real Estate Advisors, Inc.
Buyer: KBS Real Estate Investment Trust III
RBA SF: 246,563 total
Lot size: 0.87 Acres (37,897 SF)
Selling price: $121,000,000 ($490.75/SF)
Type: Class A Office
The property is approximately 80% occupied.