Santa Clara | 2560-2576 Lafayette Street | Sold for $ 3,930,000
This industrial complex was initially constructed in 1951 and has been developed to include 3 separate freestanding buildings. The property is currently 100% leased and includes 5 tenants with term and month-to-month rental agreements. Over the past several decades, the base of industrial buildings of this nature has been significantly reduced as these properties have been redeveloped to Residential, Retail, and Office/R&D. Today, we generally find that the demand for buildings within this category exceeds the local supply.