Updated Mar 7, 2025
Monica Padilla Of Silicon Valley Clean Energy Acquires Office Building From Bruce Burkard For $11.5M
288 South Sunnyvale Avenue
$11,500,000
$425/SF
Building Size
27,000 SF
Asset Type
Office
Closing
Mar 6, 2025
About this deal
AI
The transaction involved an office asset located at 288 South Sunnyvale Avenue in the Sunnyvale market. It was sold for $11,500,000, encompassing a total area of 27,000 square feet, resulting in a price per square foot of $426.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,500,000
- Buyer: Monica Padilla - Silicon Valley Clean Energy
- Seller: Westbrook Partners; Bruce Burkard - Four Corners Properties
- Previous Sale Price: $10,900,000
- Previous Sale Year: 2021
Silicon Valley Clean Energy is planning to use the acquired space as its headquarters while also considering the development of a conference center or collaboration space aimed at clean energy startups.
On the Map
$11,500,000
$425/SF
Office
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Sunnyvale 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93