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222 Caspian Drive

Off-Market

222 Caspian Drive, Sunnyvale, CA 94089

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  • Property Type Office - General Office
  • Property Size 96,420 Sqft
  • Lot Size 5.29 Acre
  • Parking Spaces Avail. 327
  • Parking Ratio 3.40/ 1,000 SF
  • Property Tenancy Owner Occupied
  • LEED Certified Silver
  • Building Class A
  • Year Built 1977

Location

  • City Sunnyvale, CA
  • Zip Code 94089
  • Market Bay Area

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 23 Jun, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Sunnyvale

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Sunnyvale Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $67.19
  • 2020 Office Vacancy Rate 7.04%
  • 2020 Office Completions (Sqft) 977,733
View more Sunnyvale market trends

Tax

  • Property Tax in 2021-2022 $759,639
  • Market Value $64,458,165
  • Assessed Value $64,458,165

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 222 Caspian Drive?

222 Caspian Drive totals 96,420 square feet.

When was this property built?

222 Caspian Drive was built in 1977.

When was 222 Caspian Drive last sold?

222 Caspian Drive was last sold on 23 Jun, 2015.

What is the property tax for 222 Caspian Drive?

The property tax for 222 Caspian Drive in 2021-2022 was $759,639.

What is the market value for 222 Caspian Drive?

The market value for 222 Caspian Drive in 2021-2022 was $64,458,165.

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