October 7, 2022


All The Technology

Boom! Apple grabs three Cupertino buildings in mega office deal

CUPERTINO — Apple has bought several Cupertino office buildings in a mega-deal that solidifies the tech titan’s presence in Silicon Valley, property records filed on Friday show.

The iPhone maker paid $450 million to purchase five office buildings that it had been leasing in Cupertino, according to documents filed on Sept. 24 with the Santa Clara County Recorder’s Office.

The price that Apple paid ranks the transaction as one of the largest property purchases, by value, so far in 2021 in the South Bay.

The Cupertino buildings that Apple bought are at all near the interchange of Interstate 280 and North De Anza Boulevard. The addresses are 10500 N. De Anza Blvd., 20400 Mariana Ave.; and 20605, 20665 and 20705 Valley Green Drive.

Apple bought the buildings through a trio of transactions with varying prices, the county records show:

— 10500 N. De Anza Blvd., $206 million. The building totals 211,000 square feet.

— 20605, 20665 and 20700 Valley Green Drive, $138.6 million. Together, the three buildings total 142,000 square feet.

— 20400 Mariani Ave., $105.4 million. The building totals 105,000 square feet.

Cupertino-based Apple paid cash for the buildings, the county documents show.