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10/04/16
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Sun Technology Park, a three-building, 69.8k sf industrial/R&D project in Santa Clara, was purchased by SST Investments LLC in a recent $12.95 mil ($185/sf) investment buy. It was sold by the Dick Lee Corporation.
Built in 1986, Sun Technology Park sits on 3.85 acres and consists of three, single-story buildings located at 805, 807 and 809 Aldo Ave in Santa Clara. The buildings range in size from 22.5k sf to 24.8k sf and offer flexibility in design to accommodate various tenants. The property was 98 percent leased at the time of sale.
Scott Prosser, Dave Black, Marshall Hydorn, Jack DePuy and the rest of CBRE’s Bay Area Capital Markets team represented both parties in the transaction. Dick Lee Corporation had owned the property since 1989.
Sun Technology Park is conveniently located near Hwy 101, just off Montague Expwy and is in close proximity to the San Jose International Airport. Major nearby developments recently completed or in the planning stages include Levi’s Stadium, Santa Clara Square and City Place Santa Clara.
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