Investor Purchases San Carlos Industrial Portfolio for $14.1M

Address: 360-380 Industrial Road, San Carlos, CA

Seller:   Tanklage Family Partnership

Buyer:   High net worth investor

RBA SF: 85,135 SF (Between 3 buildings)

Lot size:  5 AC

Selling price: $14,100,000 ($165.62/SF )

Type:   Industrial-Warehouse

This was a value-add/redevelopment play on a property that is located directly across the street from the new Palo Alto Medical Foundation clinic.

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