Updated Mar 5, 2026
Charles J. Meyers Of Equinix Acquires Industrial Properties In South San Jose For $51M From Kennedy Wilson
6800 Santa Teresa Boulevard
$51,000,000
Building Size
—
Asset Type
Industrial
Closing
Feb 26, 2026
About this deal
AI
Equinix acquired six industrial buildings in South San Jose, including properties at 6800 Santa Teresa Boulevard, 140 Great Oaks Boulevard, and 6541 Via Del Oro. The total sale price for the transaction was $51 million, contributing to their expansion amid increasing demand driven by AI technologies.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $51,000,000
- Buyer: Charles J. Meyers - Equinix
- Seller: William J. McMorrow - Kennedy Wilson
- Market: San Jose
Charles J. Meyers, representing Equinix, has been instrumental in the company's strategic expansion, especially following a recent power capacity increase at their nearby data center located at 123 Great Oaks Boulevard. William J. McMorrow, representing Kennedy Wilson, facilitated the sale contributing to business growth in the region.
On the Map
$51,000,000
Industrial
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Players
San Jose Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93