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.
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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