Store Capital Acquires Two Office Properties In Milpitas, CA For $47.3M

Store Capital, a real estate investment trust, has purchased two office properties in Milpitas, California, for a combined total of $47.3 million. The buildings, located at 341 Great Mall Parkway and 1323 Great Mall Drive, have a total square footage of 109,200 and a price per square foot of $433. These properties offer potential for educational operations and are currently occupied by the private Stratford School. Despite market uncertainties, Store Capital sees an opportunity in these assets.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $47,300,000
• Address: 341 Great Mall Parkway & 1323 Great Mall Drive, Milpitas
• Market: Milpitas
• Buyer: Store Capital - Mary Fedewa
• Square Footage: 109,200
• Price per Square Foot: $433

Mary Fedewa, representing Store Capital, facilitated the acquisition of these two office properties. With this investment, Store Capital aims to capitalize on the educational potential of the buildings and their strategic location in Milpitas, California.