Vantage Data Centers Management Acquires Industrial Property In Santa Clara For $40M

The industrial property located at 2590 Walsh Ave in Santa Clara has been sold. The transaction took place on February 23, 2021. The property, with a total area of 113,600 square feet, was purchased by Vantage Data Centers Management Co. The seller of the property was Nicholas Kapranos, Nicholas Stephens, and Lane B. Stephens, represented by D.R. Stephens & Co. The sale price for the property was $40,000,000, resulting in a price per square foot of $352.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $40,000,000
• Square Footage: 113,600
• Price per Square Foot: $352
• Buyer: Vantage Data Centers Management Co.
• Seller: Nicholas Kapranos, Nicholas Stephens, and Lane B. Stephens - D.R. Stephens & Co.

The sale of this industrial property in Santa Clara involved Vantage Data Centers Management Co. as the buyer. They acquired the property from the sellers, Nicholas Kapranos, Nicholas Stephens, and Lane B. Stephens, who were represented by D.R. Stephens & Co. It is evident that this transaction demonstrates the strong demand and value of industrial properties in the Santa Clara market.