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Kelly-Moore Paint Co Completes Sale-Leaseback at San Jose Store

Almaz Investment & Management Pays $7 Million for Fully Occupied Retail Asset
The multi-tenant retail building on Alum Rock Avenue traded in a sale-leaseback deal with a reported 6.04% capitalization rate. (CoStar)
The multi-tenant retail building on Alum Rock Avenue traded in a sale-leaseback deal with a reported 6.04% capitalization rate. (CoStar)
By Robin Gralton
May 14, 2020 | 9:29 P.M.

Almaz Investment & Management has acquired the retail strip building at 2904-2910 Alum Rock Ave. in San Jose, California, for $6.95 million, or about $434 per square foot, from Kelly-Moore Paint Company.

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