500 & 501 Macara Avenue

Property Type Office - General Office
Property Size 96,000 SF
Lot Size 5.17 Acre
Parking Spaces Avail. 115
Parking Ratio 1.20/ 1,000 SF
Property Tenancy Single Tenant
Building Class A
Year Built 1997

Location

Map
Street

City Sunnyvale, CA
Zip Code 94085
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 05 May, 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

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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 (SF) 977,733

View more Sunnyvale market trends

Tax

Property Tax in 2021-2022 $783,560
Market Value* $66,448,458
Assessed Value $66,448,458

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 500 & 501 Macara Avenue?

500 & 501 Macara Avenue totals 96,000 square feet.

When was this property built?

500 & 501 Macara Avenue was built in 1997.

When was 500 & 501 Macara Avenue last sold?

500 & 501 Macara Avenue was last sold on 05 May, 2015.

What is the property tax for 500 & 501 Macara Avenue?

The property tax for 500 & 501 Macara Avenue in 2021-2022 was $783,560.

What is the market value for 500 & 501 Macara Avenue?

The market value* for 500 & 501 Macara Avenue in 2021-2022 was $66,448,458.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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