SUNNYVALE — NetApp has place up for sale its enormous 4-creating headquarters campus in Sunnyvale, marking the most current energy by a tech titan to dispose of Silicon Valley or Bay Space homes.
The properties that NetApp is attempting to provide full around 702,200 sq. feet and are all positioned in a segment of northern Sunnyvale known as Moffett Park. In the latest many years, Moffett Park has come to be one of Silicon Valley’s most popular spots for authentic estate action.
Considerably less than two several years ago, NetApp marketed other Sunnyvale houses adjacent to the ones that are now on the industry. Google purchased the structures and land, paying out $95.6 million for the homes, Santa Clara County community documents exhibit.
All the attributes that both NetApp bought to Google or that NetApp now has positioned up for sale are on a block bounded by East Java Push, Geneva Generate, East Caribbean Travel, and Crossman Avenue in Sunnyvale.
Savills, a professional actual estate firm, has circulated a flyer supplying the 4-setting up campus to future consumers. The Course A business campus is staying marketed by Savills brokers John Brady, Peter Hamann, Joseph Brady, and Michael Drew, according to the flyer.
A likely providing price wasn’t outlined in the gross sales offer. The properties that ended up put on the market place occupy about 21 acres.
On the other hand, $319.1 million is the present merged benefit of the 4 parcels that are currently being provided for sale, in accordance to documents on file with the Santa Clara County Assessor’s Office environment.
Sunnyvale-dependent NetApp didn’t reply to a request for comment.
Home experts have earlier instructed this information business that NetApp is scouting for a new headquarters site in Silicon Valley, such as in San Jose. But it also was not promptly very clear regardless of whether NetApp would continue to be in one or a lot more of the Sunnyvale properties if it completes a sale of the home.
The revenue brochure famous that the Sunnyvale structures are in an location with access to several recreational selections.
“The website is surrounded by an out of doors amenity place consisting of picnic/patio parts, a seaside volleyball court docket, a pond/fountain, and an open up garden area with going for walks paths,” Savills stated in the advertising flyer.
Other tech organizations are trying to offer off large structures.
Oracle, notably, has set on the market place an place of work tower in downtown San Jose as perfectly as some properties in Redwood City. Oracle suggests it is transferring its headquarters from Redwood City to Texas.
The NetApp campus package deal in Sunnyvale also involves two parking garages along with the 4 business properties.
The sizes of the 4 buildings and their assessed values, according to the county Assessor’s Workplace.:
— 1395 Crossman Ave., 189,700 sq. feet, valued at $80.8 million
— 1375 Crossman Ave., 189,800 sq. feet, valued at $73.6 million.
— 1345 Crossman Ave., 189,700 sq. feet, valued at $50.2 million.
— 1275 Crossman Ave., 133,000 square ft, valued at $114.5 million.
NetApp intends to make some enhancements to its Sunnyvale campus, according to the Savills marketing and advertising brochure.
“NetApp is constructing a strolling path that operates alongside the interior of the campus,” the gross sales brochure stated. “The walking route would weave through various options, such as a variety of outdoor seating regions, patios, fountains, orchard, sand volleyball, and bocce courts serving as facilities for personnel to delight in.”