By the SVN | Capital West Partners Team
Sold for $9,500,000
Represented the Seller in the disposition of a portfolio of Silicon Valley properties. The asset was the last property in the portfolio to be sold and closed at an above-market price per sq. ft. The property was leased to the County of Santa Clara and the buyer has plans to reposition the property into a Class "A" medical clinic. The property is located in San Jose, CA.
Sold for $7,900,000
Represented the Seller in a complex transaction which involved an international buyer. Secured an all-cash offer and closed at an above-market price resulting in a significant gain to the client. The property was leased to multiple tenants at the time of sale. Successfully worked through a cloud on title, which delayed the closing several months. The property is located in Milpitas, CA.
Las Vegas Industrial Portfolio
Sold for $6,500,000
Represented a Bay Area 1031-exchange client on the acquisition of an industrial portfolio located in Las Vegas, NV. The assets were fully leased with minimal landlord obligations. The acquisition value was well below replacement cost and all of the assets were located in desirable submarkets with low vacancy rates and strong market fundamentals. The buyer completed the sale utilizing all cash and closed within 30 days.
Infill Land Development
Sold for $5,250,000
Complex raw land assemblage involving four separately owned parcels in San Jose, CA. Represented the assortment of sellers, which consisted of 14 entities and successfully negotiated an above market price for the site. The buyer is currently pursuing entitlements to develop a new Class "A" R&D facility. The buyer paid 100% of the asking price and utilized all-cash to complete the transaction.