facebook
Traded Co logo
Submit
Daily limit: 0/10

Peter Sullivan Of PSAI Realty Partners Acquires Mountain View Corporate Center From Rockwood Capital For $193M

Property Image
SOLD
$193,000,000

California

See Similar Deals
Office289,000 SF
Sold 01/15/2026
the dealplayerscompscontact
Property Image
SOLD

Peter Sullivan Of PSAI Realty Partners Acquires Mountain View Corporate Center From Rockwood Capital For $193M

381 East Evelyn Avenue

See Similar Deals
Office289,000 SF
Sold 01/15/2026
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$667
Total Square Footage:289,000 SF
Transaction Type:Sale

The transaction involved the sale of the Mountain View Corporate Center, a five-building complex situated at 301-381 East Evelyn Avenue. The asset spans a total of 289,000 square feet and was sold for $193,000,000, resulting in a price per square foot of $668. The property is fully leased and occupies a 16-acre site within the Mountain View market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $193,000,000
  • Square Footage: 289,000
  • Price Per Square Foot: $668
  • Buyer: Peter Sullivan - PSAI Realty Partners
  • Seller: Rockwood Capital

The deal marked the largest office sale in Mountain View since 2021 and was notable for being the first sale to exceed $150 million in over three years. The sale attracted interest from around 20 institutional investors, indicating a resurgence of institutional capital in the Bay Area office market.

Players

Peter Sullivan
PSAI Realty Partners
Peter Sullivan
6 deals$368.8M volume
BUYER
Rockwood Capital
Rockwood Capital
SELLER

Details

SOLD
IMAGE: Peter Sullivan DATE: 01/15/2026 ADDRESS: 301-381 East Evelyn Avenue MARKET: Mountain View ASSET TYPE: Office BUYER: Peter Sullivan - PSAI Realty Partners SELLER: Rockwood Capital SALE PRICE: $193,000,000 SF: 289,000 ~ PPSF: $668 NOTE: Rockwood Capital sold the five-building, 289,000-square-foot Mountain View Corporate Center to PSAI Realty Partners for $193 million, the city’s largest office sale since 2021 and the first to top $150 million in over three years.The fully leased, 16-acre complex drew interest from roughly 20 institutional investors, signaling renewed confidence in Mountain View’s office market despite elevated vacancy and the pending departure of its largest tenant. Details: The transaction signals a return of institutional capital to the Bay Area office market and represents one of the region’s largest office deals in the past year.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$10,293,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$685,688.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$914,918.46
Annual Debt Service$10,979,021.57