Apple Acquires Industrial Property In Sunnyvale For $44M
SOLD
$44,000,000
California
See Similar DealsIndustrial105,000 SF
Sold 01/18/2022
SOLD
Apple Acquires Industrial Property In Sunnyvale For $44M
123 Uranium Drive, Sunnyvale, CA 94086
See Similar DealsIndustrial105,000 SF
Sold 01/18/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$419
Total Square Footage:105,000 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$156,322.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$208,582.45
Annual Debt Service$2,502,989.37
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