facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Sale

/

825 Stewart Dr Sunnyvale, C...

BentallGreenOak Acquires Apple-Leased Office In Sunnyvale For $41M From GI Partners
SOLDOffice

BentallGreenOak Acquires Apple-Leased Office In Sunnyvale For $41M From GI Partners

825 Stewart Dr Sunnyvale, CA 94085, USA

$41,000,000

$543/SF

Building Size

75,400 SF

Asset Type

Office

Closing

Aug 31, 2023

AI

An Apple-leased office property in Sunnyvale has been sold for $41,000,000. The property spans across 4.3 acres and offers a total area of 75,400 sq ft. The office is located at 825 Stewart Drive in Sunnyvale. The transaction took place between BentallGreenOak, represented by Sonny Kalsi and John Carrafiell, as the buyer, and GI Partners, as the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $41,000,000
  • Address: 825 Stewart Drive, Sunnyvale
  • Market: Sunnyvale
  • Size: 4.3 acres
  • Square Footage: 75,400 sq ft
  • Buyer: BentallGreenOak - Sonny Kalsi & John Carrafiell
  • Seller: GI Partners

The transaction was facilitated by JLL brokers Will Connors, Daniel Renz, Michael Manas, Cheri Pierce, Kendall Willet, and Aisling Duffy. The deal involved an Apple-leased office building, and Apple's lease agreement will continue until 2030.

Players

Daniel Renz

Broker

$298.8M

vol

4 deals

Broker
Sonny Kalsi

Sonny Kalsi

BentallGreenOak

Buyer

$1.3B

vol

21 deals

Buyer
GI Partners
GI PartnersSeller

Sunnyvale Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93