Dixon Landing Research Park

San Jose, CA

Address:   49000 – 49090 Milmont Drive

Year Built:   1984, 1985 & 1987

Building SF:   209,300 SF

Acquisition Date:   March 27, 2019

Projected Hold Period:   2 years


Off-market acquisition of fully leased R&D project at major discount to recent sales comps in the market.
  • In-place contract rents were ~40% below current market rents, with access to ~75% of rent roll in first few years of ownership, providing an ability to significantly increase property cash flow;
  • Sold to an institutional developer midway through the hold period.

Overview – Realized Project Level Returns


Projected IRR


Equity Multiple

2 years

Hold Period