Montague Business Center

San Jose, CA

Address:   Two building campus on 408 Plumeria and 2730 Junction Ave.

Year Built:   1982

Building SF:   146,951

Acquisition Date:   December 2015

Projected Hold Period:   3 year


Two multi-tenant office buildings in a key Silicon Valley location with potential for full repositioning and renovation.
  • Upon acquisition commenced significant reposition of 408 Plumeria totaling more than $3 million including recladding the building exterior, replacement of windows as well as increasing the window line, new building lobby, new outdoor seating area, restroom upgrades, landscaping improvements, demo of existing build out and market ready improvements.
  • The renovation resulted in a full building 7-year lease with Foxconn
  • Closed on sale of 408 Plumeria in March 2018 at $26.75M ($458/sf)
  • Closed on sale of 2730 Junction in November 2018 at $26.25M ($290/sf)

Overview - Realized Project Level Returns


Projected IRR


Equity Multiple

3 year

Hold Period