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1450 Kifer RdSunnyvale, CA 94086
1450 Kifer
Asset ClassIndustrial
78,181 SF Industrial Building on 5.38 Acres | Residential Development Opportunity
overview of deal

Overview

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.

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Investment Highlights

  • Core Silicon Valley Industrial Location
  • Compelling Value-Add Profile
  • TOD Location with Residential Development Overlay
  • Functional Design, Owned and Occupied by Intuitive Surgical for 15+ Years
  • Diminishing Industrial/R&D Product Across Silicon Valley
  • Central to Abundant Amenities

PROPERTY SUMMARY

1450 Kifer Road, Sunnyvale
Building Size
78,181 SF
Occupancy
0%, Delivered Vacant
APN
216-27-044
Site Area
±5.38 Acres
Zoning District
Flexible Mixed-Use II (MXD-II)
Power
2,000 Amps 480/277 V, Three Phase
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4 Dock Wells, 2 Drive-In
1450 Kifer RdSunnyvale, CA 94086

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