Updated Dec 17, 2025
Tim Cook Of Apple Acquires Office Buildings In Cupertino For $216 Million
19319 Stevens Creek Boulevard & 19339 Stevens Creek Boulevard
$216,000,000
$405/SF
Building Size
266,500 SF
Asset Type
Office
Closing
Dec 12, 2025
About this deal
AI
The transaction involved the acquisition of two office buildings located at 19319 and 19339 Stevens Creek Boulevard in Cupertino. The sale price for this asset was $216,000,000. The total square footage of the property amounts to approximately 266,500 square feet, translating to a price per square foot of $811.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $216,000,000
- Buyer: Tim Cook
- Company: Apple
- Market: Cupertino
- Square Footage: 266,500
- Price Per Square Foot: $811
- Seller: Affiliate led by Peter Pau
- Company of Seller: Sand Hill Property Co
This acquisition marks a significant expansion for Apple in the Santa Clara County area, with total office purchases in 2025 reaching about $1.1 billion. The deal further increases Apple's total office space in the region to more than 1.5 million square feet, reinforcing its enduring presence in the South Bay market.
On the Map
$216,000,000
$405/SF
Office
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Cupertino Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93