1154 Sonora Court Sunnyvale, CA
- 33,000 SF creative office building, purchased in 2014.
- Fully-leased to two tenants – with one space dark and the second having a 2016 lease expiry.
- Attractive basis and below-market rents in an improving submarket near Caltrain.
- Submarket is expected to see additional development and redevelopment over 5-10 years.
- Renovated and upgraded vacant space to creative office standards.
- Extended existing tenant and leased vacant space to two tenants at 12% above proforma rent.
- Sold the asset to a private buyer in August 2017 at a significant profit.