Klein Family Investors Acquires Industrial Asset In San Jose For $81.75 Million

An industrial asset located at 3011 North First Street in the San Jose market has been sold. The property spans 146,159 square feet and has a sale price of $81,750,000, resulting in a price per square foot of $559.

Summary of transaction details:

• Property Type: Industrial (R&D)
• Transaction Amount: $81,750,000
• Buyer: Klein Family Investors
• Seller: Cannae Partners & Blue Vista Capital Management
• Seller's Representative: Steven Golubchik, Edmund Najera, Jonathan Schaefler & Darren Hollak - Newmark
• Date of Sale: 08/11/2024

The deal involved key parties including the Klein Family Investors as the buyer and Newmark as the representative for the sellers Cannae Partners and Blue Vista Capital Management. The representatives were Steven Golubchik, Edmund Najera, Jonathan Schaefler, and Darren Hollak, who facilitated the transaction.