{"id":1004548106,"date":"2021-01-27T07:18:00","date_gmt":"2021-01-27T15:18:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004548106"},"modified":"2022-12-09T00:06:06","modified_gmt":"2022-12-09T08:06:06","slug":"san-jose-warehouse-sells-for-19m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/","title":{"rendered":"San Jose Warehouse Sells for $19M"},"content":{"rendered":"
\"\"<\/a>

1970-1984 Senter Road. Image via Google Maps<\/p><\/div>\n

The Exeter Group, a Wyoming-based company, has completed the $18.8 million, all-cash acquisition of a 132,721-square-foot industrial property in San Jose, Calif., The<\/em> Mercury News<\/em> reported. Vien Thao Media sold the facility, CommercialEdge data shows.<\/p>\n

Located on a 6-acre parcel at 1970-1984 Senter Road, the single-story building was completed in 1986. The facility has a 20-foot clear height, four grade-level and three dock-high doors. The tenant roster includes SJ Flooring Outlet, a flooring company, and Vietus Marketing, a sign-making firm.<\/p>\n

Situated within 2 miles of Interstate 280, the warehouse is 3 miles southeast of the city center and 7 miles southeast of the San Jose International Airport. Other companies with facilities in the vicinity include Bentek, Innov8 Services and South Bay Spirits.<\/p>\n

The asset previously changed hands in 2007 as part of a portfolio sold by R & R Properties. That deal also included a 77,288-square-foot warehouse on an adjacent parcel, according to public records.<\/p>\n

Strong industrial fundamentals<\/h2>\n

Investor interest in Silicon Valley’s industrial market remained consistent through the fourth quarter of 2020. According to a recent CBRE report, the largest transaction was Exeter Property Group’s purchase of a vacant 188,303-square-foot warehouse, which traded for $36.2 million.\u00a0Additionally, TA Realty paid $26.6 million<\/a> for a newly-built 82,900-square-foot warehouse. Panattoni Development Co. sold the asset.<\/p>\n

The market experienced positive net absorption of 214,010 square feet in the final quarter of 2020, the same report showed. Commitments by e-commerce retailers represented 35 percent of the top 25 leases that closed in the fourth quarter, with a total of 403,596 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new owner completed the acquisition of the 132,721-square-foot building in an all-cash deal.<\/p>\n","protected":false},"author":867,"featured_media":1004548107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1609,15],"tags":[32789,32914,35364],"class_list":["post-1004548106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-san-francisco","category-west","tag-cbre","tag-e-commerce","tag-exeter-property-group"],"acf":[],"yoast_head":"\nSan Jose Warehouse Sells for $19M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Jose Warehouse Sells for $19M\" \/>\n<meta property=\"og:description\" content=\"The new owner completed the acquisition of the 132,721-square-foot building in an all-cash deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-27T15:18:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:06:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/1970-1984-Senter-Road.-Image-via-Google-Maps.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/\",\"name\":\"San Jose Warehouse Sells for $19M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/1970-1984-Senter-Road.-Image-via-Google-Maps.jpg\",\"datePublished\":\"2021-01-27T15:18:00+00:00\",\"dateModified\":\"2022-12-09T08:06:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-jose-warehouse-sells-for-19m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/1970-1984-Senter-Road.-Image-via-Google-Maps.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/1970-1984-Senter-Road.-Image-via-Google-Maps.jpg\",\"width\":800,\"height\":620,\"caption\":\"1970-1984 Senter Road. 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