Olinder Court LP Acquires Cold Storage Facility In San Jose From Dedeaux Properties For $18M

Olinder Court, LP acquired a 65,000 square foot industrial asset located at 1130-1170 Olinder Court in the San Jose market for a total transaction amount of $18,000,000. This property is categorized as a cold storage facility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,000,000
• Square Footage: 65,000
• Address: 1130-1170 Olinder Court
• Market: San Jose
• Buyer: Olinder Court, LP
• Seller: Brett Dedeaux - Dedeaux Properties
• Buyer's Representative: Melinda Bacharach - MLB Real Estate Services
• Seller's Representatives: Rebecca Perlmutter Finkel, Darla Longo & Barbara Perrier - CBRE

This transaction involved Dedeaux Properties selling a cold storage facility, marking the conclusion of a five-property portfolio initially acquired in 2016. The full portfolio was valued at $141.5 million in total sales, with CBRE representing the seller and MLB Real Estate Services representing the buyer.