For Sale
$10,000,000

420 Oakmead Pkwy Sunnyvale, CA 94085

Prime Silicon Valley location, 31,068 SF.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class B industrial R&D building, located at 420 Oakmead Pkwy, Sunnyvale, CA 94085, offers 31,068 square feet on a 47,045 square foot lot. Situated in the heart of Silicon Valley, this property boasts a prime location, just 1.5 miles from major tech companies like Nvidia, Apple, Applied Materials, and Intuit. Its proximity to Levi Stadium, San Jose Airport (6 miles), Stanford University (20-minute drive), and San Francisco (45-minute drive) adds significant value. The building is currently listed at $10,000,000, representing a substantial discount below appraised value. The property is zoned MI and is offered with a sale-leaseback opportunity. The lease terms include a 3-year initial lease with two 1-year renewal options at a rate of $1.50 per square foot, NNN. The seller retains the option to repurchase the building at its appraised value at any point during the lease term. This single-tenant property presents a unique investment opportunity for a buyer seeking a strategic location and a favorable leaseback arrangement. The lease commencement date is October 31, 2024, and expiration is October 31, 2027. The cap rate is 5.50%.

Highlights

  • Prime Silicon Valley location.
  • Offered at $4.8 million below appraised value.
  • Triple Net (NNN) lease.

Property Details for 420 Oakmead Pkwy

Property type
Life science properties, Industrial properties
Square Feet
31,068 SF
Class
B

Location Insight

City
Sunnyvale
County
Santa Clara
State
California
Latitude
37.381149271929
Longitude
-121.98780773692

FAQs

What type of property is this?
Life science property - Prime Silicon Valley location, 31,068 SF.
Where is the life science property located?
The property is located at 420 Oakmead Pkwy Sunnyvale, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Prime Silicon Valley location.; Offered at $4.8 million below appraised value.; Triple Net (NNN) lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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420 Oakmead Pkwy
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