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A class-A industrial facility in San Jose that is occupied has traded hands for $103 million. Quantum Scape fully occupies the property, which is used as a battery development facility. Located at 1710 Automation Parkway, the property is 196,647 square feet and has recently been updated.

Newmark executive vice chairman and president of the western region capital markets Steven Golubchik, vice chairman Nicholas Bicardo, senior managing director Jonathan Schaefler and director Darren Hollak brokered the transaction. According to Golubchik, the deal generated significant investor interest due to the strong infill location and strong in-place cash flow.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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