Updated Jun 29, 2026
Ken Xie Of Fortinet Acquires Office Parcels For $15 Million In Sunnyvale, CA
144 Commercial Street
$15,000,000
Building Size
—
Asset Type
Office
Closing
Jun 29, 2026
About this deal
AI
The transaction involved two office parcels located at 140 and 144 Commercial Street in Sunnyvale, California. The sale price was $15,000,000, and the sites are positioned across from Fortinet's Sunnyvale headquarters. This acquisition completes the final land assembly necessary for Fortinet's planned South Bay campus expansion.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Buyer: Ken Xie
- Company: Fortinet
- Address: 140 & 144 Commercial Street, Sunnyvale, CA
Ken Xie, representing Fortinet, is the key individual in this acquisition, which enhances the company's footprint in the region. This strategic purchase supports the company's expansion plans by consolidating the required land for development.
On the Map
$15,000,000
Office
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Market 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93