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Invesco Advisers Inc Acquires San Jose Data Center Property From The Sobrato Organization For $86.25M

Property Image
SOLD
$86,250,000

California

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Industrial103,000 SF
Sold 06/20/2023
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Property Image
SOLD

Invesco Advisers Inc Acquires San Jose Data Center Property From The Sobrato Organization For $86.25M

1735 Lundy Ave San Jose, CA 95131, USA

See Similar Deals
Industrial103,000 SF
Sold 06/20/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$837
Total Square Footage:103,000 SF
Transaction Type:Sale

The Sobrato Organization has sold a San Jose data center property located at 1735 Lundy Avenue for $86.25 million. The property consists of a 103,000 square-foot facility, which was previously used by Equinix. The transaction took place in the San Jose market and the property spans across 6.75 acres.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $86,250,000
  • Address: 1735 Lundy Avenue
  • Market: San Jose
  • Square Footage: 103,000
  • Price Per Square Foot: $837

Invesco Advisers Inc, represented by Marty Flanagan, acquired the data center property from The Sobrato Organization. The sale price equated to approximately $834 per square foot.

Players

TO
The Sobrato Organization
SELLER
Invesco Real Estate
Invesco Real Estate
LENDER

Details

SOLD
IMAGE: Marty Flanagan DATE: 06/20/2023 ADDRESS: 1735 Lundy Avenue MARKET: San Jose ASSET TYPE: Industrial ~ ACRES: 6.75 BUYER: Invesco Advisers Inc - Marty Flanagan SELLER: The Sobrato Organization SALE PRICE: $86,250,000 SF: 103,000 ~ PPSF: $837 NOTE: Sobrato has sold a San Jose data center property to Invesco for $86.25 million. The 103,000 square-foot facility, previously used by Equinix, was sold at around $834 per square foot.

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