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.

Industrial 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

Robust Logistics

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.

Delivers Income

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

Property

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 ~9 years on a fully extended basis.

Location Highlights

Adjacent to Commercial Triangle
Located in Sunnyvale, California, in the heart of Silicon Valley—one of the country’s leading data center markets with limited supply.
The Facility
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.
Major Employment Hub
Sunnyvale is home to major technology tenants including Apple, Google, Microsoft, LinkedIn and Meta, while strong fundamentals continue to drive demand.
255-caspian-drive