Cushman & Wakefield has brokered the sale of a recently renovated office/R&D portfolio in Cupertino (Silicon Valley), Calif.
The portfolio consists of four single-story buildings totaling 109,779 square feet and was acquired by a private high-net-worth investor. The seller was Graymark Capital in partnership with a major real estate private equity fund, which had acquired the properties in 2017 under Graymark’s Medium Term Net Lease Program. The buildings are fully leased to a single global tech company.
“This was a highly attractive investment opportunity supported by a long-term lease to a strong credit tenant, located in the consistently top-performing and leading submarket of Cupertino,” said Eric Fox, executive managing director at Cushman & Wakefield’s Northern California Capital Markets group. “Following a brief pause in the capital markets sector immediately following the shelter-in-place order in California, we have seen a resurgence of i
