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November 8, 2024
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BAY AREA NEWS
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Apple-Occupied Cupertino Office Project Trades for $64 Mil

7/28/21

De Anza Plaza, an 84k sf, single-tenant office campus in Cupertino, was acquired for $63.75 mil ($759/sf) by Cantor Fitzgerald Income Trust. Apple is the property’s sole tenant and has fully occupied the complex since 2016.

Nestled in the epicenter of the Silicon Valley, the two-building project is located on 1.84 acres at 10001 and 10101 N. De Anza Blvd. It offers large, flexible floorplates that are ideal for large-scale technology companies in addition to generous subterranean parking options. Apple invested significantly into the property since signing their lease in 2016.

The property’s location at the intersection of the area’s two main thoroughfares, De Anza and Stevens Creek Boulevard, is irreplaceable and allows for unmatched accessibility to Apple’s headquarters, Interstate 280 and Highway 85. Campuses of leading technology companies surround the property in nearby Sunnyvale, Mountain View and Cupertino.

California. Colliers Executive Vice Presidents Andy Zighelboim, Robert Gilley, Brad Idelman, Kevin Moul, and Senior Vice President Andrew Gibson represented the seller, Madison Marquette.

“This transaction not only underscores the strength of Apple’s credit, but further demonstrates the desirability of investing in high-growth science and technology markets which are leading the economy out of the pandemic,” said Zighelboim.





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