• Address: 755 Jarvis Drive, Morgan Hill, CA
  • Type: Class A Industrial
  • Profile: Value-Add
  • Units:
  • Rentable Area: 258,122
  • Date Acquired: June, 2022

755 Jarvis Drive

  • Morgan Hill, California

The 258K square foot industrial property was originally built as a build-to-suit for Abbott Labs, with high quality infrastructure including abundant power, 30’ clear heights, full building HVAC capacity, above market parking, and expandable distribution capabilities. The property was acquired vacant and the investment thesis contemplates the repositioning of the asset to cater to advanced manufacturing tenants, including GMP (life science) and R&D uses. The renovation will include an extended glass line, new office and conference suites, improved bathrooms and amenities, and upgraded parking and loading capabilities.

The property had been owned by an owner-user for 10+ years and will be re-introduced to the leasing market in an environment characterized by significant under-supply.