Exclusively Sold by Robin Santiago, CCIM
Sold for $7,900,000
Represented the Seller in a complex transaction which involved an international buyer. Secured an all-cash offer and closed at an above-market price resulting in a significant gain to the client. The property was leased to multiple tenants at the time of sale. Successfully worked through a cloud on title, which delayed the closing several months. The property is located in Milpitas, CA.
Single-Tenant Net Lease
Sold for $7,560,000
Represented a 1031-exchange buyer on the acquisition of a single tenant net leased asset in the heart of Silicon Valley. Competed against a national firm for the advisory assignment. The property was leased to Grocery Outlet and is located just steps from San Jose State University and City Hall in Downtown San Jose, CA. The property has since more than doubled in value since the acquisition.
Future R&D Facility
Sold for: $5,250,000
Complex raw land assemblage involving four separately owned parcels in San Jose, CA. Represented the assortment of sellers, which consisted of 14 entities and successfully negotiated an above market price for the site. The buyer is currently pursuing entitlements to develop a new Class "A" R&D facility. The buyer paid 100% of the asking price and utilized all-cash to complete the transaction.
Future Honda Dealership
*Confidential Sale Price*
Represented the seller in a transaction which involved environmental remediation work to the site and the closure of an existing automotive facility. The land was a key parcel in a larger development. The buyer intends to build a world-class Honda dealership, with visibility along Highway 101 in San Carlos, CA. The buyer agreed to pay several hundred thousand dollars over the asking price to secure the site.