YEAR BUILT:
1988

PROJECT DETAILS:
This is a Class A office building located in Cupertino, one of Silicon Valley’s most prestigious office markets. Situated at the intersection of Interstate 280 and De Anza Boulevard adjacent to Apple’s world headquarters the building offers easy access and is close to the amenities of downtown Cupertino. The building’s size and location make it ideal for smaller companies seeking the security, visibility and identity of a single occupancy building; alternatively the building’s efficient floor plates can accommodate multiple tenants.

Cupertino is one of the preferred and most supply constrained markets in Silicon Valley along with Palo Alto and Mountain View.  Direct office vacancy was 3.1% and overall vacancy was 5.3% at the end of the 4th Quarter.  At the end of 2007 it remained one of the tightest markets in Silicon Valley. Asking rents for Class A space range from $2.50 NNN to $3.50 NNN with the smaller Class A building such as this one commanding the higher end of the range.