Silver Creek Business Center

Opportunity

In 2004 while Silicon Valley was still beginning to recover from the Dot Com Crash, we identified a niche through detailed market analysis that showed commercial condominiums and small owner-user commercial building had high demand, with only 3% vacancy and exceptionally high sales prices.

Execution

We identified suitable land for developing 8 buildings that were each divisible in half for a total of 16 condominium units, which allowed buyers to occupy one unit and lease the other out or to occupy the entire building.  The size range for the buildings was 7,000 to 14,000 square feet, which differentiated the product type from the typical 1,200-3,000 commercial condominiums that were being produced by competitors in the market.  The project successfully sold out on schedule and with higher than projected pricing.

LocationSan Jose, California
TypeOffice/Industrial
Size141,000 sq. ft.
AcquiredNov 2004
StatusSold Jan 2007