Solyndra Property Sale Completed for $90.2M
As was reported in the fall, Solyndra has completed the sale of it’s 412,000 square foot Class A Industrial Fremont building through a bankruptcy liquidation. Seagate Technology purchased it for $90.2 Million or about $219 /per foot. Seagate is a US based data storage company and is one of the world’s largest manufacturers of hard disk drives and plans on moving from their current location just down the street.
The sale concludes a long and detailed demise of the now bankrupt Solyndra which put approximately $300 Million into the construction of the building, using some of the approximately $535 Million in government-backed subsidies.
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