Updated Apr 15, 2026
Marc Whitten Of Cruise Renews 58,601 SF Lease At 840 West California Avenue In Sunnyvale
840 West California Avenue
Building Size
58,601 SF
Asset Type
Office
Closing
Apr 3, 2026
About this deal
AI
The property asset involved in the context is an office space located at 840 West California Avenue in Sunnyvale, comprising 58,601 square feet. The market for this asset is Sunnyvale.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 840 West California Avenue
- Market: Sunnyvale
- Tenant: Marc Whitten - Cruise
This deal involves Marc Whitten representing Cruise, which is the autonomous vehicle subsidiary of GM. Cruise has renewed its lease for the aforementioned space at SteelWave’s property, coinciding with GM’s plans to consolidate its Bay Area offices into a single campus, signaling a strategic move within the region.
Players
Sunnyvale Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93