Biotech Space in San Carlos Trades at $22 Million

Comparable details:

Address:  150 Industrial Road, San Carlos, CA

Seller:   TMT Associates, LLC

Buyer:  Vica Capital, LLC

RBA SF:  229,640

Lot size:  8.39 AC (365,468 SF)

Selling price:  $22,000,000 ($95.80 PSF)

Type:  Flex – R&D Space

The property is leased by Novartis.  Kidder Mathews represented the seller of the property.

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