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
Rudd Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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