One of the most notable characteristics of an attractive asset these days is one with a credit-worthy single tenant with a long term lease. Add to that the 100 percent net zero solar energy flex-tech-manufacturing R&D space that the property offers, and you can see how it may draw interest from buyers across the region and beyond. The buyer, an entity associated with Dublin, Calif.-based Landmark Exchange Management, paid $29.6 million, or roughly $360 per square foot, to acquire the 82,408 square-foot property from Sharp Development. The sale closed on November 18th, according to public records, and a $16 million loan secured the purchase for Landmark. The cap rate on the transaction was 5 percent.
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