Dwight Angelini Of Longpoint Partners Acquires Industrial Asset In San Jose For $20.25M

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.