785-787 N. Mary Avenue, Sunnyvale, CA
- 78,623 sf R&D building located in the heart of Silicon Valley in Sunnyvale, CA.
- Property sits directly across from Irvine Company’s future 1.3 million square foot Pathline Park project.
- Credit tenancy – 100% leased to global technology credit tenant with medium term lease in place.
- Leased at below market rents in one of the tightest office markets in the country.
- Peery Park Sunnyvale boasts a 1.8% R&D vacancy – major tenants in the submarket include LinkedIn, Mercedes, Nokia, Volvo, Synopsis, Proofpoint and Corning.
- Tenant has recently invested significant capital into their space to achieve a modern open office floor plan.
- Purchase price of approximately 60% of replacement cost.
- Upon lease maturity, Graymark expects to roll rents to market.
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