755 Jarvis Drive, Morgan Hill, CA (Silicon Valley)
|Project Description:||240,000 square foot R&D/Manufacturing building purchased from corporate user. Built in 1997. High quality improvements and large 30 foot clear height areas. Also included 8 acre of undeveloped land parcel.|
|Challenge:||Perform market-ready enhancements, conduct highly active and technologically advanced marketing campaign to lease or sell to user.|
|Results:||Sold to a Silicon Valley-based retailer for their new HQ and distribution facility. 2X ROI.|
|Details:||Commencement Date: Purchased May 2012 for $5.7 million.|
Completion Date: August 2012.
Current Status: Sold May 2013 for $12.0 million.
|Total Value:||$12 million.|