Patrick Fisher & Michael Murray Of Lift Partners Acquire Industrial Property From Vantage Data Centers For $25.8M

This transaction involved an industrial property located at 651 Martin Avenue in Santa Clara, CA. The asset, encompassing 78,000 square feet on a 7-acre site, was sold for $25,800,000, translating to a price per square foot of $331. The property is zoned for heavy industrial use and has potential for future development of up to 148,635 square feet.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $25,800,000
• Square Footage: 78,000
• Price per Square Foot: $331
• Address: 651 Martin Avenue
• Market: Santa Clara, CA
• Buyer: Patrick Fisher & Michael Murray - Lift Partners
• Seller: Vantage Data Centers
• Acreage: 7

Lift Partners, represented by Patrick Fisher and Michael Murray, acquired the property from an affiliate of Vantage Data Centers. The transaction highlights the active industrial market in Santa Clara and reflects the demand for properties suitable for heavy industrial use.