Joseph Bae & Scott Nuttall Of KKR Acquire Industrial Portfolio In Sunnyvale For $124 Million
100 Planters Road, 200 Planters Road & 300 Us Highway 80
$124,000,000
$20/SF
Building Size
6,000,000 SF
Asset Type
Industrial
Closing
Dec 22, 2025
AI
The transaction involved a three-building industrial portfolio located at 100 and 200 Planters Road and 300 U.S. Highway 80 East in Sunnyvale, Texas. The assets have a combined total of 2 million square feet and were built in 2021-2022. The sale occurred at a transaction amount of $124 million, equating to $62 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $124,000,000
- Square Footage: 2,000,000
- Price Per Square Foot: $62
- Buyer: Joseph Bae & Scott Nuttall - KKR
- Seller: Sunnyvale Business Center JV LLC & TR Sunnyvale West LLC
- Market: Sunnyvale
The transaction was represented by Joseph Bae and Scott Nuttall from KKR, highlighting their role in the acquisition of these industrial assets, which include leased space to GC Packaging.
Sunnyvale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93