Updated Oct 29, 2024
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
About this deal
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.
On the Map
$41,000,000
$543/SF
Office
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Players
Sunnyvale 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93