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.