properties

California: 2950 Zanker Road - San Jose

Gross Building Size: 69,700 sq. feet

This R & D building, located on 4.3 acres of land in the heart of the Silicon Valley, was acquired through a 1031 tax deferred exchange. The facility was substantially renovated and improved at the tenant's expense as a web-hosting facility to meet their current technology needs. A leader in the web-hosting industry, this facility represents the "backbone" of the tenant's business. Seagate implemented a strategy of making a pre-emptive bid, below replacement cost, on this well located property before it was widely marketed.

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