Blue Owl Capital Acquires Milpitas Office Campus From Western Digital For $192.5M

The office property located at 951 Sandisk Drive in Milpitas, California was sold for $192,500,000. The property spans 580,400 square feet and was acquired by Blue Owl Capital from Western Digital in a sale-leaseback arrangement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $192,500,000
• Address: 951 Sandisk Drive
• Market: Milpitas
• Buyer: Blue Owl Capital - Doug Ostrover
• Seller: Western Digital - David Goeckeler
• Square Footage: 580,400
• Price Per Square Foot: $332

The sale involved Blue Owl Capital led by Doug Ostrover as the buyer and Western Digital represented by David Goeckeler as the seller. The acquisition allowed Western Digital to access capital while retaining use of the property through a lease extension until January 2039.