Milpitas Industrial Building Sells for $8.1M

Comp Details:

Address:   345 Los Coches St, Milpitas, CA

Seller:    iStar Financial Inc.

Buyer:   Topaz RE Investors, Inc.

RBA SF:  44,800

Lot size:  3.94 AC (171,626 SF)

Selling price:  $8,107,139 ($180.96/SF)

Type:  Industrial -Warehouse

All cash purchase.  The building was vacant at time of sale.

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