Gordon Biersch Brewery in San Jose Listed for Sale

Marcus & Millichap San Jose Gordon Biersch Brewing Company San Francisco San Jose State University 357 E. Taylor Street Silicon Valley

Gordon Biersch
SAN JOSE, Calif., July 11, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that it has been selected to exclusively market for sale the Gordon Biersch Brewing Company brewery, a 129,646-square-foot single-tenant industrial property in San Jose, California. The fee simple interest offered is a leased real estate investment property and not the ancillary brewery business.

“The Gordon Biersch Brewing Company property in San Jose is a rare single-tenant property in the city’s bustling Japantown submarket,” says Jeffrey Ida, a Marcus & Millichap associate. “The asset benefits from its ideal location proximate to numerous apartment buildings, San Jose State University, San Jose International Airport, U.S. Highway 101 and Interstate 880, which see over 200,000 vehicles per day.”

“This unique building is Gordon Biersch Brewing Company’s sole manufacturing, bottling and distribution facility, and it operates 24 hours a day, seven days a week,” says Vincent Schwab a Marcus & Millichap senior vice president investments. “Developed and engineered by Gordon Biersch co-founder and brewmaster, Dan Gordon, the largely automated facility produces 6,000 cases of beer per day, which amounts to over a million beers per week.”

Ida, Schwab, and John Glass, a Marcus & Millichap executive vice president investments, all based in San Francisco, are representing the seller.

“This asset provides an opportunity for an investor to procure a mission critical single-tenant property with annual rent far below current market rate,” adds Glass. “The property also presents a generational redevelopment opportunity with the potential to redevelop the entire parcel at the end of the lease term.”

The facility is located between North 8th Street and North 9th Street at 357 E. Taylor St. in San Jose. It is situated on a 3.14 acre parcel just north of downtown San Jose in the Jackson-Taylor neighborhood.

For more information on this investment opportunity, please contact Jeffrey Ida at (415) 625-2196, Vincent Schwab at (415) 625-2171 or John Glass at (415) 625-2114.

About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

West Coast Commercial Real Estate News