Updated Apr 21, 2026
PODS Enterprises Leases 104,400 Square Foot Industrial Property In San Jose Represented By CBRE
1959 Monterey Road
Building Size
104,400 SF
Asset Type
Industrial
Closing
Apr 17, 2026
About this deal
AI
The property asset involved in the transaction is a 104,400-square-foot industrial facility located at 1959 Monterey Road in San Jose. The building was constructed in 2001 and is situated south of downtown San Jose.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1959 Monterey Road
- Market: San Jose
- Tenant: Jim Gimeson - PODS Enterprises
- Broker: CBRE
Jim Gimeson of PODS Enterprises signed a full-building lease for the industrial property. CBRE represented the owner in the transaction, facilitating the agreement for the facility.
Players
San Jose Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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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