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

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.