825 Stewart - 2023

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 825 Stewart Drive (“825 Stewart” or the “Property”), a partial two-story, 75,350 square foot R&D asset located in Sunnyvale, California. Situated on a 4.3-acre site, 825 Stewart is 100% leased to Apple Inc. (“Apple” - S&P: AA+) for 6.67 years (exp. 04/2030). Apple maintains an extensive footprint in Silicon Valley, occupying over 15 million square feet with 3.9 million square feet in Sunnyvale alone. Strategically positioned among a mass of Apple tenancy, the Property is a highlyspecialized R&D facility.

The Property underwent a full renovation in 2015 with approximately $5 million of capital investment, which is not inclusive of the substantial additional capital spent by Apple to improve the Property’s highly specialized R&D infrastructure. Apple’s growing footprint in Silicon Valley, coupled with its significant capital investment at the Property, underscores the stickiness of Apple’s tenancy and its long-term commitment at 825 Stewart.

825 Stewart offers investors the rare opportunity to acquire an Apple-leased, highly-specialized R&D asset in one of the world’s top performing submarkets.