SV13 - Silicon Valley, CA
Local Capital Group invested in and became the Operating Partner in July 2018. SV13 is comprised of 13 building Industrial / R&D portfolio totaling 900K sq ft throughout Silicon Valley, namely Santa Clara and South San Jose. The properties were 97% occupied with varying lease expirations and tenants upon investment.
The R&D and Industrial buildings are located in prime locations with key industrial attributes: loading, power and clear height. Silicon Valley has an overriding theme of converting industrial into office and/or residential. With a decreasing supply of Industrial and R&D, SV13 buildings are poised to be leased with strong rental growth. The investment plan includes renewing tenants at market rent, completing deferred capital, small vacancy reduction and working with existing tenants to provide best in class space and service as an owner and property manager. For more information on vacancy and leasing opportunities, please reach out to us on our contact page. |
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