Dwight Angelini Of Longpoint Partners Acquires Industrial Asset In San Jose For $20.25M
905 Mc Laughlin Avenue
$20,250,000
$253/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Dec 19, 2025
AI
The property involved in this transaction is an industrial asset located at 905 McLaughlin Avenue in San Jose. The warehouse spans 80,000 square feet and was sold for $20,250,000, reflecting a price per square foot of $253. This property was built in 1978 and was half-leased at the time of sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,250,000
- Address: 905 McLaughlin Avenue
- Market: San Jose
- Square Footage: 80,000
- Price Per Square Foot: $253
- Buyer: Dwight Angelini - Longpoint Partners
- Seller: LBA PPF Industrial McLaughlin LLC
This transaction was executed with Dwight Angelini representing Longpoint Partners as the buyer. The seller of the asset is identified as LBA PPF Industrial McLaughlin LLC. Notably, the sale price marks a significant increase from the property's previous sale price of $7.1 million in 2011, amidst a robust demand for industrial properties in Silicon Valley.
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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93