Updated Sep 2, 2026
Sid Sheth Of D-Matrix Signs Lease For 25,300 Square Feet At 1828 Bering Drive San Jose
1828 Bering Drive
Building Size
25,300 SF
Asset Type
Industrial
Closing
Aug 31, 2026
About this deal
AI
The property asset involved in this transaction is an industrial space located at 1828 Bering Drive, San Jose, CA. This asset encompasses a total square footage of 25,300, catering to the increasing demand for industrial and office space from technology companies, particularly in the AI sector within Silicon Valley.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1828 Bering Drive
- Market: San Jose, CA
- Square Footage: 25,300
- Tenant: Sid Sheth - d-Matrix
The lease was signed by Sid Sheth representing d-Matrix, marking a significant expansion for the AI chip company. This lease showcases the ongoing trends of growth and demand in the industrial sector attributed to AI-focused technology companies in the region.
On the Map
Industrial
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Players
San Jose Industrial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93