Updated Mar 6, 2026
David Heard Of Infinera Acquires Office Building In San Jose For $27 Million
6373 San Ignacio Avenue
$27,000,000
$328/SF
Building Size
82,100 SF
Asset Type
Office
Closing
Feb 20, 2026
About this deal
AI
An 82,100-square-foot office asset located at 6373 San Ignacio Avenue in San Jose was sold for $27 million. The property will be repurposed into a CHIPS Act-backed photonic chip manufacturing facility.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27,000,000
- Buyer: David Heard - Infinera
- Price per Square Foot: $329
- Market: San Jose
David Heard, representing Infinera, played a key role in this transaction, which is expected to create up to 200 jobs at the new facility.
Players
San Jose Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93