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2304 Zanker Road

Dan Letter Of Prologis Acquires Industrial Building In San Jose For $11.6M
SOLDIndustrial

Dan Letter Of Prologis Acquires Industrial Building In San Jose For $11.6M

2304 Zanker Road

$11,600,000

$285/SF

Building Size

40,600 SF

Asset Type

Industrial

Closing

Jul 16, 2026

AI

The industrial asset located at 2304 Zanker Road in San Jose, CA, was sold for a total of $11,600,000. The property encompasses an area of 40,600 square feet, translating to a price per square foot of $286.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,600,000
  • Buyer: Dan Letter - Prologis
  • Seller: Igor Brener & Ahmed Kaddoura
  • Square Feet: 40,600
  • Price per Square Foot: $286
  • Date of Transaction: 07/16/2026
  • Market: San Jose, CA

Dan Letter of Prologis represented the buyer, while Igor Brener and Ahmed Kaddoura were the sellers in this transaction. Prologis's acquisition of this tech and research building is part of its strategy to expand its presence in Silicon Valley, especially amidst increasing demand driven by AI innovations.

Players

Dan Letter

Prologis

Buyer

$122.2M

vol

3 deals

Buyer

Rudd 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

1.37%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93