Commercial Building Sold – Santa Clara – Golden Triangle – 16/16

Commercial Building Sold – Santa Clara – Golden Triangle – 16/16


Commercial Building Sold – Santa Clara – Golden Triangle – 16/16

Miasole Building

2590 Walsh Avenue, Santa Clara, CA 95051

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Sale Details
Sale Status: Sold
Sale Date: 03/01/2007(Estimated)
Sale Price: $14,362,000 ($128.71/SF)
Cap Rate: 7.91% (At Time Of Sale)
Listing Price: $14,216,000

Property Information
Property Type: Office
Property Subtype: Office Building
Market: South Bay
Submarket: South Santa Clara/Downtown
Building Size: 111,585 SF
Year Built: 1981

Property Description:
Single-story 111,585sf building on 6.69 acres. The office areas are primarily an open office environment with perimeter privates with glass sidelights providing the central areas with natural ambient light. Comments at time of listing: The property provides the corporate headquarters and production facility for Miasole’s new solar cell manufacturing process. Miasole Inc. leases 80,800sf until October 31, 2013. 30,785sf is available for lease.

Parties to Transaction
Seller: Limar Realty
Broker: NAI BT Commercial
Sam Wright

Buyer: DR Stephens