For Sale
$10,000,000

420 Oakmead PkwySunnyvale, CA 94085

Prime Silicon Valley location, 31,068 SF.

Overview

Added:
Dec 11, 2024
Days on market:
114
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
420 Oakmead Pkwy, Sunnyvale, California

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420 Oakmead Pkwy
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