1155 MABURY ROAD | SAN JOSE, CA
1155 MABURY ROAD | SAN JOSE, CA
Infill San Jose Low Coverage Industrial Sale-Leaseback Opportunity
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Career Summary: Ryan Sitov is a Managing Director at the San Francisco office of JLL Capital Markets, Americas. He heads the West Coast Industrial Team alongside Mark Detmer, he specializes in industrial investment sales, jv/equity, and industrial recapitalization for institutional and corporate clients as well as private owners of real estate. In the last 5 years, the West Coast Industrial Team has closed over 62 million square feet of property, totaling more than $8 billion.
- Property Type
- Industrial
- Deal Type
- Acquisition
- Risk Profile
- Value-AddOpportunistic
THE OFFERING
JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1155 Mabury Road (the 'Property'), a ±2.72-acre site located in San Jose, CA, one of Bay Area’s most prestigious industrial submarkets. The Property consists of one building totaling ±19,584 square feet (0.17 FAR), on ±2.72-acres, occupied by owner-user, Target Specialty Products, a wholly subsidiary of Rentokil Initial (S&P Global: BBB).
The Property offers easy access to CA-101, I-880, and I-680, and is less than a 60- minute drive from major airports and seaports, including the Port of Oakland and San Francisco, and the San Francisco, Oakland, and San Jose International Airports.
The Property is offered as a 12-year sale leaseback (NNN) based on a $0.34/LSF/Month rate, resulting in a first-year NOI of $490,000. The current owner, Target Specialty Products, a wholly subsidiary of Rentokil Initial (S&P Global: BBB), is one of the world’s largest pest control companies that support more than half a million customers in over 80 countries worldwide. This location strategically serves as Target Specialty Products only warehouse in the San Francisco Bay Area.
1155 Mabury Road represents an exceptionally rare infill, sale leaseback opportunity in one of the world’s most sought-after industrial markets, providing investors with an in-place, long-term cash-flowing asset.
INVESTMENT HIGHLIGHTS
- RARE INFILL SAN JOSE LOCATION
- LONG-TERM SALE-LEASEBACK TO AN INTERNATIONAL CREDIT TENANT
- LOW COVERAGE SITE OPTIONALITY
- HIGH BARRIERS TO ENTRY
| Files | Updated | Download |
|---|---|---|
| 1155 Mabury Rd Teaser Flyer.pdf |