1265 BORREGAS AVENUE & 1272 BORREGAS AVENUE
SUNNYVALE, CA 94089
SUNNYVALE, CA 94089
The Borregas investment consisted of two, 2-story R&D/office buildings totaling 163,374 square feet situated within the highly sought-after Moffett Park submarket of Sunnyvale. The buildings were acquired vacant, well below replacement cost, and offered a value-add, repositioning opportunity in an “A” location. Swift fully repositioned 1272 with a facade facelift, outdoor collaborative spaces, and project amenities. This led to a long-term lease (high watermark at the time) and ultimately a sale in July 2016. Swift maximized pricing on 1265 by selling vacant to an owner/user in May 2016.
Property Specs
-
Property Type
Office Only -
Region
Northern California -
Total sq.ft.
163,374 -
Market
Silicon Valley -
# of buildings
2