Travis King And Bob Basso Acquire Sunnyvale Office For $7.4M From John DePalma

The office asset located at 815 West Maude Avenue in Sunnyvale has been sold for $7,400,000. It encompasses 26,984 square feet, with a price per square foot of $274. The property was previously assessed at $13.6 million and was originally built for LinkedIn.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,400,000
• Address: 815 West Maude Avenue
• Market: Sunnyvale
• Square Footage: 26,984
• Price Per Square Foot: $274
• Buyer: Travis King - Realm; Bob Basso - Cannae Partners
• Seller: John DePalma - Fregida LLC
• Brokers: Ben Knight - CBRE; Jeff Arrillaga - Newmark

Cannae Partners and Realm have jointly acquired the asset as part of their second Bay Area joint venture. The vacant office building is being marketed for lease, reflecting their confidence in a rebound in the Silicon Valley market.