South Bay Development Co. & PCCP Sell San Jose Office Building For $173.5M With Brokers Eastdil Secured And NKF

The San Jose office property located at 4353 & 4453 N. First St was recently sold for a total price of $173,540,000. The transaction took place on July 13, 2020. The property spans a total of 368,702 square feet, resulting in a price per square foot of $470. The sale was facilitated by the seller, South Bay Development Co. and PCCP, and the brokers involved were Eastdil Secured and NKF represented by Chris Shaffer.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $173,540,000
• Address: 4353 & 4453 N. First St
• Market: San Jose

The deal was completed with the assistance of Chris Shaffer from NKF as the representative for Eastdil Secured. This transaction highlights the strong demand for office properties in the San Jose market, as evidenced by the significant sale price of $173,540,000. The involvement of South Bay Development Co. and PCCP as sellers further demonstrates the attractiveness of this asset.