Updated Oct 13, 2026
Vertical Ventures LLC Acquires Office Portfolio In Milpitas For $45.5M
475 Sycamore Dr, Milpitas, CA, USA
$45,500,000
$213/SF
Building Size
213,519 SF
Asset Type
Office
Closing
Aug 18, 2020
About this deal
AI
On August 19, 2020, an office property located at 475, 501, and 525 Sycamore Dr in Milpitas was sold for a total of $45,500,000. The property, spanning a total of 213,519 square feet, was acquired by Vertical Ventures LLC, represented by Christopher Aust. The selling price translates to approximately $213 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,500,000
- Square Feet: 213,519
- Address: 475, 501, and 525 Sycamore Dr, Milpitas
- Buyer: Vertical Ventures LLC - Christopher Aust
The sale transaction was facilitated by Cushman & Wakefield, with Eric Fox, Steve Hermann, Seth Siegel, Adam Lasoff, and Ryan Venezia acting as brokers. This deal marks a significant milestone in the Milpitas real estate market, showcasing the continued demand for office properties in the area.
On the Map
$45,500,000
$213/SF
Office
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Players
Milpitas 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93