Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 5245-5285 Hellyer Avenue (the “Project”), three two-story R&D/office buildings totaling 179,073 square feet on two parcels comprising ±10.0 acres in the Edenvale submarket of South San Jose, California. The Project is being sold by Power Integrations, Inc. (NASDAQ: POWI), which will lease back 100% of the Project for two years from close of escrow, providing a new investor with immediate NNN cash flow from a well-capitalized, publicly traded semiconductor company.

Following the leaseback, the Project offers a new owner the opportunity to capitalize on growing Silicon Valley R&D leasing momentum and an R&D inventory that continues to shrink as older product is redeveloped. The three buildings can be leased individually or as a campus, and offer 10,700 amps of combined electrical capacity, a feature increasingly scarce among Silicon Valley R&D properties. Alternatively, the Project’s flexible IP zoning provides a compelling industrial redevelopment opportunity, with the two-year leaseback allowing time to pursue entitlements and position the Property for a future industrial conversion.

The Project’s South San Jose location offers tenants a reverse commute from the region’s housing base, convenient highway access, and proximity to Caltrain, VTA light rail, Mineta San Jose International Airport, and abundant amenities at Cottle Village.