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Seagate Properties

Seagate Properties

A Real Property Investment & Operating Company

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2950 Zanker

This R&D building, located on 4.3 acres of land in the heart of the Silicon Valley, was acquired through a 1031 tax deferred exchange. The facility was substantially renovated and improved at the tenant’s expense as a web-hosting facility.

A leader in the web-hosting industry, this facility represents the “backbone” of the tenant’s business. Seagate impemented a strategy of making a pre-emptive bid, below replacement cost, on this well located property before it was widely marketed.

Project Details:

Location

San Jose, CA

Size

67,700 sq. ft.

Type

Warehouse / R&D

Seagate Contributions

Acquisition
Disposition

Status

Sold 2005
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