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Dollinger Properties Acquires 40K-SF Office Building In San Jose For $9.1M

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SOLD
$9,100,000
Steve Pace
Dan Hollingsworth

California

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Industrial40,000 SF
Sold 05/02/2023
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SOLD

Dollinger Properties Acquires 40K-SF Office Building In San Jose For $9.1M

150 Nortech Pkwy San Jose, CA 95134, USA

See Similar Deals
Industrial40,000 SF
Sold 05/02/2023
Steve Pace
Dan Hollingsworth
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$227
Total Square Footage:40,000 SF
Transaction Type:Sale

An affiliate of Dollinger Properties has acquired a 40,000-square-foot office building located at 150 Nortech Parkway in San Jose, California. The property was purchased for approximately $9.1 million, as confirmed by documents filed with the Santa Clara County Recorder's Office. Situated on a 2.5-acre parcel, the building presents a prime opportunity for the development of a modern office or life sciences facility. Its proximity to Google's tech hubs in San Jose's Alviso district adds to its appeal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,100,000
  • Address: 150 Nortech Pkwy San Jose, CA 95134, USA
  • Market: Not specified

This acquisition by Dollinger Properties marks a significant addition to their portfolio. With the potential to create a cutting-edge office or life sciences space, the property positions Dollinger Properties in a strong position in the San Jose market.

Players

Steve Pace
Cushman & Wakefield
Steve Pace
1 deal$9.1M volume
BROKER
Dan Hollingsworth
Cushman & Wakefield
Dan Hollingsworth
1 deal$9.1M volume
BROKER
Technology Credit Union (Tech CU)
Technology Credit Union (Tech CU)
LENDER

Details

SOLD
IMAGE: 2023-05-02 ADDRESS: 150 Nortech Pkwy San Jose, CA 95134, USA MARKET: ASSET TYPE: Industrial BUYER: SELLER: BUYER'S REP: SELLER'S REP: BROKERS: SALE PRICE: 9100000.0 UNITS: ~ PPU: Infinity$ SF: 0 PPSF: Infinity$ NOTE: Dollinger Properties, through an affiliate, acquired a 40,000-square-foot office building at 150 Nortech Parkway in San Jose, California, for approximately $9.1 million, according to documents filed with the Santa Clara County Recorder's Office. The building, constructed in 1986, is located near Google's tech hubs in San Jose's Alviso district and sits on a 2.5-acre parcel that could potentially accommodate a modern office or life sciences building.

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