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Industrial Flex Campus Changes Hands in North San Jose
Newmark arranged the sale of Oakland Road Business Park, a 177,117-square-foot industrial and flex campus comprised of four buildings across 8.22 acres in North San Jose. The asset sold for an undisclosed amount. The buyer and seller weren’t disclosed.
Steven Golubchik, executive vice chairman and president of Western Region capital markets, vice chairman Edmund Najera, senior managing director Jonathan Schaefler and director Darren Hollak facilitated the transaction.
“Oakland Road Business Park is a stabilized North San Jose asset with strong in-place cash flow and future upside through redevelopment of the sprawling eight-acre campus,” said Golubchik. “The existing mix of office and industrial users have demonstrated commitment to the project, making it a secure income-producing asset.”
Located at 1580-1630 Old Oakland Rd., the campus is 90% leased to a diverse mix of nearly 100 tenants with an eight-year average tenure.
- ◦Sale/Acquisition
