South Bay Development Sells R&D Asset in Milpitas at 9.5% Cap Rate

By Jon Peterson Campbell-based South Bay Development Company has sold the 77,200 square foot R&D facility at 195 South Milpitas Boulevard in Milpitas at a cap rate of 9.5 percent. “This return is based on the current net operating income in the property,” says Mark Regoli, a partner with South Bay Development. The company had […]