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California   /   October 5, 2020

Dennis Kaiser
By: Dennis Kaiser

Kaiser Permanente-Occupied MOB in Cupertino Claimed for $103M

A two-level, 100,000-square-foot medical office building at 19000 Homestead Rd. in Cupertino traded hands for $103 million. The two-building asset sits on 6.6 acres and is fully leased to Kaiser Permanente. The buyer was reportedly the Wertheimer family while New York-based Thor Equities was the seller.

Prominently positioned in the Silicon Valley, the property is adjacent to Kaiser Permanente Hospital and Medical Care Campus, as well as Apple’s $5-billion “spaceship” Campus 2. The property was acquired by Thor in 2016 for $66.8 million and houses a psychiatry department, as well as a chemical dependency recovery program.

NKF’s Steven Golubchik, Edmund Najera, Jonathan Schaefler, Darren Hollak and Jack Phipps handled the transaction.

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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience.
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