Gem Realty Capital Acquires Industrial Property In Milpitas For $32.8M

The industrial property located at 275 S. Hillview Dr. in Milpitas has been sold in a recent transaction. The property spans over 128,000 square feet and was sold for a total price of $32,800,000, resulting in an approximate price per square foot of $256. The sale was completed on June 23, 2022.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $32,800,000
• Square Footage: 128,000
• Address: 275 S. Hillview Dr., Milpitas
• Market: Milpitas

Gem Realty Capital acted as the buyer in this transaction, while Analog Devices, represented by Vincent Roche, served as the seller. The seller's representatives from Cushman & Wakefield included Kelly Yoder, Carrick Young, Steve Horton, and Todd Beatty. The involvement of these key individuals and companies played a crucial role in the successful completion of the deal.