SK hynix America has scooped up a large industrial building in south San Jose, paying about $49.5 million for 5981 Optical Court. Public documents show the deal closed April 30, and the two-story structure had been sitting empty after a solar-roof company moved out. The purchase puts a sizable, manufacturing-capable property back in the hands of a chipmaker with existing local operations.
Deal confirmed in public filings
Documents filed at the Santa Clara County Recorder show the sale was recorded last Thursday and that the two-story, roughly 112,000-square-foot building sold for $49.5 million, according to The Mercury News. The buyer is listed as SK hynix America, the U.S. subsidiary of South Korea’s SK hynix Inc.
Property history and value
An affiliate of Peninsula Land & Capital bought the property in 2021 for about $32.1 million, according to property listings and tax records on Compass. County assessment rolls pegged the building at roughly $34 million in January 2025, so…..