Updated Sep 15, 2026
Patrick Fisher & Michael Murray Of Lift Partners Acquire Industrial Property In San Jose For $18.35M
1885 Las Plumas Avenue
$18,350,000
$227/SF
Building Size
80,700 SF
Asset Type
Industrial
Closing
Sep 14, 2026
About this deal
AI
Lift Partners acquired a vacant warehouse located at 1885 Las Plumas Avenue in San Jose, CA. The property spans 80,700 square feet and is situated on a 5.8-acre lot. The transaction was valued at $18,350,000, equating to a price per square foot of $227.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,350,000
- Address: 1885 Las Plumas Avenue, San Jose, CA
- Asset Size: 80,700 SF
- Price per Square Foot: $227
- Buyer: Patrick Fisher & Michael Murray - Lift Partners
- Seller: Freeland Las Plumas
The purchase was orchestrated by Lift Partners, a firm focused on expanding its industrial portfolio in Silicon Valley. The company plans to implement capital improvements to reposition the property for future tenants.
On the Map
$18,350,000
$227/SF
Industrial
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Players
San Jose 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93