Vertical Ventures LLC Acquires Office Portfolio In Milpitas For $45.5M

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.