There were multiple offers submitted almost immediately, which shows the continued demand for well located office product in Silicon Valley.
SAN JOSE, Calif. (PRWEB) January 19, 2021
Robin Santiago, CCIM, Managing Director of SVN | Capital West Partners announced the sale of a 7,000 sq. ft. office building located next to De Anza College in Cupertino, CA for $4,800,000.
“We received a significant amount of interest in the property once we placed it on the market. There were multiple offers submitted almost immediately, which shows the continued demand for well located office product in Silicon Valley. The buyer offered to pay over the list price and paid all cash to acquire the property," said Santiago, Managing Director and team leader for the firm.
Located at 21050, McClellan Road, the 7,000 square foot office building was vacant at the time of closing. The property is located immediately next to De Anza College and adjacent to other office buildings leased to Apple. The building was originally constructed in 1977 by the seller of the property, Walt Hoefler, founder of Coast Funding Corporation.
About SVN | Capital West Partners:
SVN | Capital West Partners is an independently owned and operated SVN® office located in San Jose, CA. Capital West Partners specializes in the brokerage of investment properties located in the Silicon Valley market and throughout the Bay Area region. The firm also provides leasing services for office, industrial, and retail properties on behalf of landlords and tenants. For more information regarding SVN | Capital West Partners, please go to: https://www.svncapwest.com/.