Monica Padilla Of Silicon Valley Clean Energy Acquires Office Building From Bruce Burkard For $11.5M

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.