Updated Sep 2, 2026
Ramin Kamfar Of Bluerock Acquires 1133 Innovation Way Office In Sunnyvale For $330.8M
1133 Innovation Way
$330,800,000
Building Size
—
Asset Type
Office
Closing
Aug 31, 2026
About this deal
AI
The office property at 1133 Innovation Way in Sunnyvale, CA was acquired for $330.8 million. This asset is a notable part of the market and serves as the headquarters for Hewlett Packard Enterprise, which will remain the tenant for an extended period in a sale-leaseback arrangement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $330,800,000
- Buyer: Ramin Kamfar - Bluerock
- Seller: Antonio Neri - Hewlett Packard Enterprise
- Financing Secured: $310,000,000
- Lease Term: HPE to remain as tenant through at least 2047 with options to extend by another 14 years.
Ramin Kamfar represents Bluerock in this acquisition, while Antonio Neri represents Hewlett Packard Enterprise. This strategic sale-leaseback deal allows HPE to continue operations in the property while providing Bluerock with a significant asset in its portfolio.
On the Map
$330,800,000
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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93