Cannae Partners And Realm Acquire Mixed-Use Property In Milpitas For $13.15 Million

A mixed-use manufacturing facility located at 1701 McCarthy Boulevard in Milpitas has been sold for $13.15 million. The property encompasses 33,684 square feet and is fully leased to TE Connectivity, reflecting a price per square foot of $390.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $13,150,000
• Square Footage: 33,684
• Address: 1701 McCarthy Boulevard
• Market: Milpitas
• Seller: Empire Square Group
• Buyers: Bob Basso - Cannae Partners; Travis King - Realm
• Brokers: Scott J. Prosser & Jack DePuy - Cushman & Wakefield
• Price Per Square Foot: $390

The transaction involved key players including buyers Bob Basso representing Cannae Partners and Travis King of Realm, who acquired the property. The seller, Empire Square Group, was represented by Scott J. Prosser and Jack DePuy from Cushman & Wakefield, facilitating the successful completion of the deal.