SOLD
Vertical Ventures LLC Acquires Office Portfolio In Milpitas For $45.5M
475, 501 & 525 Sycamore Drive
Office
213,519 SF
213,519 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Office
213,519 sqft
On August 19, 2020, an office property located at 475, 501, and 525 Sycamore Dr in Milpitas was sold for a total of $45,500,000. The property, spanning a total of 213,519 square feet, was acquired by Vertical Ventures LLC, represented by Christopher Aust. The selling price translates to approximately $213 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,500,000
- Square Feet: 213,519
- Address: 475, 501, and 525 Sycamore Dr, Milpitas
- Buyer: Vertical Ventures LLC - Christopher Aust
The sale transaction was facilitated by Cushman & Wakefield, with Eric Fox, Steve Hermann, Seth Siegel, Adam Lasoff, and Ryan Venezia acting as brokers. This deal marks a significant milestone in the Milpitas real estate market, showcasing the continued demand for office properties in the area.
Players
All
8
Agents
5
Agencies
3
Details
SOLD
IMAGE: Christopher Aust, Eric Fox & Adam Lasoff (@ALasoff)
DATE: 08/19/2020
ADDRESS: 475, 501 & 525 Sycamore Dr
MARKET: Milpitas
ASSET TYPE: Office
BUYER: Vertical Ventures LLC - Christopher Aust
BROKERS: Eric Fox, Steve Hermann, Seth Siegel, Adam Lasoff & Ryan Venezia - Cushman & Wakefield
PRICE: $45,500,000
SF: 213,519 ~ PPSF: $213View on map
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Address475, 501 & 525 Sycamore Drive
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