October 5, 2020
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.
For comments, questions or concerns, please contact Dennis Kaiser