Pentecostal Church Acquires Industrial Building In San Jose For $21M

A 73,000-square-foot industrial building located at 5891 Rue Ferrari Road in San Jose has been sold for $21 million. The buyer, Pentecostal Church represented by Johnathan Shoemaker, purchased the property, which spans across 5 acres. The purchase price equates to approximately $288 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,000,000
• Address: 5891 Rue Ferrari Road
• Market: San Jose
• Acres: 5

This transaction reflects a national trend of churches repurposing industrial buildings for worship. While the church's intended use for the space remains unknown, factors such as lighting, sightlines, and construction materials are important considerations for such conversions.