Silicon Valley Office, R&D Building Sells for $37.5M
SAN JOSE, CALIF. — Drawbridge Realty has purchased a two-building office and R&D campus in San Jose for $37.5 million. The 60,000-square-foot campus is located at 5300-5350 Hellyer Ave. in the Silicon Valley region.
The space is triple-net leased to Cobham Electronic Systems through May 2022. The firm develops and manufactures microwave and millimeter wave products, among other things. The property has served as Cobham’s Western U.S. headquarters since it was first built in 2000.
The seller, Hellyer Avenue LP, was represented by CBRE’s Joe Moriarty.