Total Square Footage: 51,215
Acquired: October 28, 2021
Tenant Name: Littelfuse, Inc.
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our latest acquisition.
On October 28, 2021, Royal Oak acquired the research and development facility of Littelfuse, Inc. (“Littelfuse”) located in Milpitas, CA. This is Royal Oak’s first investment in California, adding a 20th state to the portfolio. The property is located in the San Jose metropolitan statistical area (“MSA”), the 35th largest MSA in the United States. San Jose is the cultural, financial, and political center of Silicon Valley, and the largest city in Northern California by both population and area. Littelfuse signed a 10-year absolute net lease at closing.
The subject property is a 51,215 square foot research and development facility built in 2000, located on 3.37 acres. The building has a clear height of 19 feet, two drive-in loading doors, and excellent parking. The building includes medical test labs that are used to qualify medical product.
Founded in 1927, Littelfuse is a global manufacturer of leading technologies in circuit protection, power control and sensing. Serving over 100,000 end customers, the Company’s products are found in automotive and commercial vehicles, industrial applications, data and telecommunications, medical devices, consumer electronics and appliances. With its broad product portfolio of fuses, semiconductors, polymers, ceramics, relays and sensors, and extensive global infrastructure, the Company’s worldwide associates’ partner with its customers to design, manufacture and deliver innovative, high-quality solutions.