Updated Jul 28, 2026
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: 3501 Thomas Road
- Market: Santa Clara
- Buyer: Josh Honig, Eyal Greenberg & Jared Rechnitz - Mosaic Industrial
- Seller: Smith Family
- Broker: William Steele - Newmark
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.
On the Map
$12,000,000
$307/SF
Industrial
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Players
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