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.

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