Data Center | Sunnyvale, CA

255 Caspian Drive

255 Caspian Drive is a Tier-III single-tenant data center facility located in Sunnyvale, California, in the heart of Silicon Valley—one of the country’s leading data center markets with limited supply.

External building facade

Investment Details

Property TypeData Center
Location(s)
Sunnyvale, CA
Square Feet~120,000

Transaction Details

Acquired2026
Purchase Price~$90 million
Ownership %100%

Investment Details

Property TypeData Center
Location(s)
Sunnyvale, CA
Square Feet~120,000

Transaction Details

Acquired2026
Purchase Price~$90 million
Ownership %100%

Asset Highlights

119,756 square foot powered shell facility supports 6.5MW of critical IT capacity, with N+1 redundant power systems designed to reduce single-point-of-failure risk.

Features 4.4% annual rental rate increases and a net lease structure intended to provide contractual growing cash flows and inflation protection.

100% leased on a net lease basis to a digital infrastructure provider with a market capitalization of over $80 billion, for a remaining term of approximately 9 years on a fully extended basis.

Location Highlights

Located in Sunnyvale, California, in the heart of Silicon Valley—one of the country’s leading data center markets with limited supply.
Sunnyvale is home to major technology tenants including Apple, Google, Microsoft, LinkedIn and Meta, while strong fundamentals continue to drive demand.
The market benefits from high demand, tight supply, as well as rising land values, high construction costs and long lead times to obtain incremental power.