460 Oakmead_Property for Sale
460 Oakmead_Property for Sale
460 Oakmead Parkway, Sunnyvale, CA, 94085, US

460 Oakmead

Asset description

Jones Lang LaSalle Americas, Inc., ("JLL"), as an exclusive advisor is pleased to present the opportunity to acquire 460 Oakmead Parkway ("460 Oakmead" or the "Property"), a one-story, 29,368 square foot network switch data center located in Sunnyvale, California. Situated on a 2.0 acre site, 460 Oakmead is 100% leased to Verizon Access Transmission Services ("Verizon" S&P: BBB+) for 7.0 years through May 2031.  


Verizon has occupied the Property since 1996, and it operates as a local hub facility, serving as the connection point for other Verizon facilities in the Bay Area. Given its long-standing occupancy at the Property, Verizon has invested a considerable amount of capital expenditure in the space on structural upgrades that support its operations. Verizon’s mission-critical operations at 460 Oakmead and capital investment have resulted in a highly redundant switching facility built for resiliency and underscore the stickiness of Verizon's tenancy.


460 Oakmead offers investors the rare opportunity to acquire a Verizon-leased, network switch data center asset with strong in-place infrastructure in one of the world's top performing submarkets.

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Attributes

Building area net
2,728 sm
Year built
1979
Land area gross
0.85 ha
Occupancy
100%
WAULT
7 years

Media

Investment highlights

  • OPPORTUNITY TO ACQUIRE A CREDIT-LEASED NETWORK SWITCH DATA CENTER SITUATED ON 2.0 ACRES IN SUNNYVALE
  • MISSION CRITICAL ASSET WITH HIGHLY REDUNDANT INFRASTRUCTURE
  • VERIZON HAS BEEN IN OCCUPANCY SINCE 1996 AND HAS MADE SUBSTANTIAL UPGRADES INCLUDING A RECENT HVAC UPGRADE
  • 7.0 YEARS OF LEASE TERM REMAINING WITH VERIZON (S&P: BBB+)
  • IDEALLY POSITIONED AMONG SUNNYVALE'S NETWORK INFRASTRUCTURE, ENABLING OPTIMAL CONNECTIVITY AND PERFORMANCE 
  • LOCATED IN A FLOURISHING SUBMARKET PROXIMATE TO A DIVERSE TENANT BASE AND MAJOR THOROUGHFARES
460 Oakmead 4_Property for Sale
460 Oakmead 4_Property for Sale

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460 Oakmead (0 Properties)

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Last updated
Mar 12, 2024