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Apple Acquires Cupertino Office Building For $70M From Rubicon Point Partners

Property Image
SOLD
$70,000,000

California

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Office161,000 SF
Sold 06/29/2023
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Property Image
SOLD

Apple Acquires Cupertino Office Building For $70M From Rubicon Point Partners

10200 S De Anza Blvd Cupertino, CA 95014, USA

See Similar Deals
Office161,000 SF
Sold 06/29/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$434
Total Square Footage:161,000 SF
Transaction Type:Sale

Apple has acquired a four-story office building in Cupertino for $70 million. The property, located at 10200 South De Anza Boulevard, spans 1.3 acres and offers a total of 161,000 square feet of office space. The sale price translates to a per square foot price of $435, highlighting the premium associated with this transaction.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $70,000,000
  • Address: 10200 South De Anza Boulevard
  • Market: Cupertino
  • Acres: 1.3
  • Square Feet: 161,000
  • Price Per Square Foot: $435

Apple, represented by Tim Cook, purchased the property from Rubicon Point Partners. Despite the challenges faced by the office market due to the pandemic, Apple's acquisition demonstrates its expansion plans and the tech industry's continued pursuit of growth opportunities.

Players

RP
Rubicon Point Partners
SELLER

Details

SOLD
IMAGE: Tim Cook DATE: 06/29/2023 ADDRESS: 10200 South De Anza Boulevard MARKET: Cupertino ASSET TYPE: Office ~ ACRES: 1.3 BUYER: Apple - Tim Cook SELLER: Rubicon Point Partners SALE PRICE: $70,000,000 SF: 161,000 ~ PPSF: $435 NOTE: Apple has acquired a four-story office building in Cupertino for $70 million, indicating its expansion plans despite the challenges faced by the office market due to the pandemic. The purchase highlights tech companies' continued pursuit of growth opportunities, with the property offering flexibility for future workspace.

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