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3501 Thomas Road

Josh Honig, Eyal Greenberg & Jared Rechnitz Of Mosaic Industrial Buy Industrial Asset In Santa Clara For $12M
SOLDIndustrial

Josh Honig, Eyal Greenberg & Jared Rechnitz Of Mosaic Industrial Buy Industrial Asset In Santa Clara For $12M

3501 Thomas Road

$12,000,000

$307/SF

Building Size

39,068 SF

Asset Type

Industrial

Closing

Jun 29, 2026

AI

The industrial asset located at 3501 Thomas Road in Santa Clara was sold for $12,000,000. The property has a total square footage of 39,068 and a price per square foot of $307.

Summary of transaction details:

The transaction featured Josh Honig, Eyal Greenberg, and Jared Rechnitz as the buyers, representing Mosaic Industrial, while the seller was the Smith Family. The deal was facilitated by broker William Steele from Newmark.

Players

William Steele

Newmark

Broker
Broker
Eyal Greenberg

Eyal Greenberg

Mosaic Industrial

Buyer

$96.1M

vol

5 deals

Buyer
ST
Smith Family TrustSeller

Santa Clara 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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93