SOLD
Peninsula Land & Capital Acquires 8-acre Industrial Property In San Jose For $37.2M
1580 & 1630 Oakland Road
Industrial
177,117 SF
177,117 SF
Sold 282 days ago
Summary
Sale
CALIFORNIA
Industrial
177,117 sqft
Newmark has sold the Oakland Road Business Park in San Jose, California, for $37.2 million. The industrial, warehouse, and flex campus, spanning 177,117 sq. ft., was acquired by Peninsula Land & Capital. The property is situated at 1580 & 1630 Oakland Road in the San Jose market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $37,200,000
- ACRES: 8
- Buyer: Peninsula Land & Capital
- Seller: Link Logistics
- Lender: J.P. Morgan Chase
- SF: 177,117
- PPSF: $210
The deal was facilitated by brokers from Newmark, including Edmund Najera, Jonathan Schaefler, Steven Golubchik, and Darren Hollak. The buyer, Peninsula Land & Capital, secured a $24.2 million acquisition loan from J.P. Morgan Chase. At the time of the sale, the property was 90% occupied by multiple tenants with an average tenure of eight years.
Players
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6
Agents
4
Agencies
1
Lenders
1
Details
SOLD
IMAGE: Edmund Najera, Darren Hollak, Steven Golubchik & Jonathan Schaefler
DATE: 07/24/2023
ADDRESS: 1580 & 1630 Oakland Road
MARKET: San Jose
ASSET TYPE: Industrial ~ ACRES: 8
BUYER: Peninsula Land & Capital
SELLER: Link Logistics
BROKERS: Edmund Najera, Jonathan Schaefler, Steven Golubchik & Darren Hollak - Newmark
LENDER: J.P. Morgan Chase
SALE PRICE: $37,200,000
SF: 177,117 ~ PPSF: $210
NOTE: Newmark sold Oakland Road Business Park, a 177,117 sq. ft. industrial, warehouse, and flex campus in San Jose, California, for $37.2 million. Peninsula Land & Capital acquired the property using a $24.2 million acquisition loan from J.P. Morgan Chase, and at the time of the sale, it was 90% occupied by multiple tenants with an average tenure of eight years.View on map
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Address1580 & 1630 Oakland Road
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