Updated Nov 18, 2025
John DiNapoli Of JP DiNapoli Companies Acquires Industrial Property From Intel For $10 Million
1501 Martin Avenue
$10,000,000
$263/SF
Building Size
38,000 SF
Asset Type
Industrial
Closing
Nov 10, 2025
About this deal
AI
The industrial property located at 1501 Martin Avenue in Santa Clara features a total area of 38,000 square feet. The asset was sold by Intel for a total price of $10,000,000, resulting in a price per square foot of approximately $263. This sale marks Intel's exit from the site.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Square Footage: 38,000
- Address: 1501 Martin Avenue
- Market: Santa Clara
- Buyer: John DiNapoli - JP DiNapoli Companies
- Seller: Intel
John DiNapoli, representing JP DiNapoli Companies, is planning to refresh the building while expanding their presence in Santa Clara’s industrial corridor. The buyer is also involved in redeveloping another site in the area into a data center.
Santa Clara Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93