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1701 McCarthy BlvdMilpitas, CA 95035
1701 McCarthy
Asset ClassIndustrial
Occupancy100%
Rentable SF: 33,684# Stories: 1# Tenants: 1Access Data Room
33,684 Square Foot Single Story R&D Building | 100% NNN Leased to TE Connectivity
overview of deal

Overview

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 1701 McCarthy Boulevard (the “Property”), a recently renovated R&D building located in Milpitas, California.

 

Comprising 33,684 square feet, the building is 100% leased to TE Connectivity (NYSE: TEL). The tenant has leased the Property since 2006 and recently invested nearly $4 million in HVAC, mechanical, and equipment improvements. TE Connectivity is a global industrial technology leader specializing in designing and manufacturing electrical and electronic components, serving a wide range of industries including automotive, aerospace, defense, medical, and energy.

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Investment Highlights

  • Strong Cash Flow
  • Established, Investment Grade Tenant
  • Diminishing R&D Inventory Due to Creative Destruction
  • Highly Sought After, Functional Product
  • Preferred Asset Class in Silicon Valley's Best Location
  • Global Center for Technology & Venture Capital Investment
  • Proximity to Labor Pool & Housing

PROPERTY SUMMARY

Property Summary
RSF:
33,684
Site Area:
2.5 Acres
Parking:
3.0 / 1,000 SF
% Leased:
100%
Tenant:
TE Connectivity (NYSE: TEL)
Tenant Credit Rating:
A- (S&P)
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1701 McCarthy BlvdMilpitas, CA 95035

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Listing provided by Revere CRE