Updated Oct 29, 2024
Apple Acquires Cupertino Office Building For $70M From Rubicon Point Partners
10200 S De Anza Blvd Cupertino, CA 95014, USA
$70,000,000
$434/SF
Building Size
161,000 SF
Asset Type
Office
Closing
Jun 29, 2023
About this deal
AI
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.
On the Map
$70,000,000
$434/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93