Updated Dec 12, 2024
Apple Acquires Industrial Property In Sunnyvale For $44M
123 Uranium Drive, Sunnyvale, CA 94086
$44,000,000
$419/SF
Building Size
105,000 SF
Asset Type
Industrial
Closing
Jan 18, 2022
About this deal
AI
The industrial property located at 123 Uranium Drive in Sunnyvale has been sold for a price of $44,000,000. The asset spans a total area of 105,000 square feet, resulting in a price per square foot of $419. The sale of this property was finalized on January 18, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $44,000,000
- Market: Sunnyvale
- Seller: Invesco Real Estate & Public Retirement System Of Nevada
- Buyer: Apple
Tim Cook, CEO of Apple, represented the buyer in this transaction. The seller was Invesco Real Estate & Public Retirement System Of Nevada.
Players
Sunnyvale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93