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10/21/22
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A CA-based 1031 exchange investor acquired a 28.9k sf, single-tenant industrial property in San Jose. The building is located at 1137 Olinder Ct, just south of the confluence of the 101 Fwy and I-680.
Built in 1994 and situated on 2.18 acres, the property is occupied by Foundation Building Materials, a leading construction materials distributor, with more than 3.5 years remaining on its lease. The site is near Interstates 280 and 680, Highway 201, and is just a 10-minute drive to downtown San Jose.
Jack Cornell and Max Finn with SRS Real Estate Partners’ National Net Lease Group represented the seller, a Bay Area-based private investor.
“This offering garnered strong investor interest being located in a dense San Jose industrial corridor with quick access to major interstates,” said Cornell. “Additionally, the surrounding properties are tenanted by Amazon and other dominant users, increasing the overall value and appeal of the site.”
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