Cushman & Wakefield is pleased to present the opportunity to acquire 1450 Kifer Road (the "Property"), a 78,181 square foot, single story light industrial/manufacturing building located in the heart of Sunnyvale, one of Silicon Valley's most sought after and supply constrained industrial submarkets.
The Property is currently owned and occupied by Intuitive Surgical, a globally recognized medical technology company, which acquired the building in 2008 and has utilized it continuously for more than 15 years. The asset will be delivered vacant at close, offering incoming ownership immediate flexibility to reposition, occupy, or redevelop the site. The Property is in Sunnyvale's Lawrence Station Area Plan and has been designated with a residential zoning overlay that allows for a density maximum of approximately 36 units per acre.
1450 Kifer Road presents a compelling opportunity for value add investors, owner users, and residential developers, due to its functional building design, strong infrastructure, desirable Silicon Valley location, and development overlay.