San Carlos Business Park Trades Hands for $61.1M
SAN CARLOS, CALIF. — San Carlos VI LLC has acquired San Carlos Business Park, a 154,462-square-foot office and R&D campus in the Silicon Valley submarket of San Carlos, for $61.1 million. The seven-building campus is located at 963 Industrial Road.
The park contains two parcels that include a ground lease for a 27,303-square-foot office building on 1.3 acres and a larger parcel that includes six buildings totaling 127,159 square feet of R&D space on 7.6 acres of land.
San Carlos Business Park is situated in the mid-peninsula market with access to Caltrain, major freeways and downtown San Carlos.
CBRE’S Bob McSweeney represented the LLC, while the firm’s Seth McKinnon, Scott Prosser, Joe Moriarty, Sean Sullivan and Tyler Myerdirk represented the seller, Black Mountain Properties, in this transaction.