The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

Kidder Mathews Assists Purchaser in $17M Flex R&D Building

Comp Details:

Address:   90 East Tasman Drive, San Jose, CA

Seller:    Ingber, Ingber, Griffin Trust

Buyer:   Market Street Capital Investors

RBA SF:  96,154 total

Lot size:  4.02 Acres (175,111 SF)

Selling price:  $17,000,000 ($176.80/SF)

Type:  Industrial – Flex R&D

This was a net leased investment, currently leased to Palmer College of Chiropractic.  They have 7 years remaining on their current lease.  The property recently underwent $1M in renovations.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Information

This entry was posted on October 17, 2013 by in In the News, Industrial, R&D, Recent Sales, Santa Clara County, Silicon Valley and tagged , .
%d bloggers like this: