Orchard Corporate Center Sold for $47.79MM
A local private investor has purchased Orchard Corporate Center from South Bay Development Co. The 101,374-square-foot office campus in San Jose sold for $47.79 million, or approximately $471/sq ft.
The properties at 2755 and 2777 Orchard Parkway are fully leased. Developed by South Bay Development Co in 2017, the Class A buildings are less than a mile from the Bonaventura light rail station, and span 5.3 acres.
According to its website, South Bay Development Co. has developed more than 35 million sq ft of commercial space, since its inception in 1978. It is currently headquartered in Silicon Valley.
Keystone Commercial Brokerage serves the needs of commercial real estate investors in the Santa Clara and San Mateo counties, specializing in commercial property, multi-unit residential, office space, and multi-use property. Paul Phangureh has over 16 years of experience in buying and selling in the Santa Clara and San Mateo County areas. Contact Paul at 650-924-2544, or email at [email protected].