|
|
3/12/26
|
A private investor intends to renovate a 65.6k sf flex industrial/R&D building in Sunnyvale into a modern facility that will then be marketed for lease for single-tenant occupancy or to be subdivided for multiple tenants. The work is being funded by an $11.75 mil bridge loan that includes ready funds for future tenant improvements and leasing commissions.
The property is located at 415 Oakmead Pkwy, at Scott Blvd, along Silicon Valley’s 101 Tech corridor. The renovation work will completely modernize the building’s exterior treatments and surfaces, among other work.
Gantry’s Murphy Osborne, Director, and Alex Poulos, Associate, with the firm’s San Francisco production office arranged the financing. The three-year bridge loan was provided by a regional bank and features an attractive variable rate and an extension clause if desired. Cushman & Wakefield is representing sponsorship for leasing at the project.
“High quality flex industrial space is the backbone of Silicon Valley’s entrepreneurial landscape, and the dynamic momentum building from AI is fueling a new era of strong economic growth in the nation’s tech heartland,” noted Osborne.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
