288-298 RARE TWO-STORY 27,000 SF OFFICE BUILDING FOR SALE/LEASE - South Sunnyvale Avenue - CBRE
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288–298
South Sunnyvale Avenue
SUNNYVALE, CA
VIRTUAL
NEIGHBORHOOD
TOUR
RARE TWO-STORY 27,000 SF OFFICE BUILDING FOR SALE/LEASE
OPPORTUNITY HIGHLIGHTS
Rare two-story, 27,000 SF Standalone Office Building Available for Sale or Lease
Across street from new Sunnyvale Cityline Redevelopment - 1,000 Residential units, 2 million SF of office
development and nearly 600,000 SF of new retail
Located in Downtown Sunnyvale—2.5 blocks from Caltrain and Historic Murphy Square core
Directly across from new 55,000 SF Whole Foods & AMC Movie Theater & Target
Tremendous Value-add / User Opportunity
Potential Future Redevelopment Site
Convenient access from El Camino Real, Mathilda Ave. & Central Expressway
AERIAL
288–298
South Sunnyvale Avenue
BUILDING HIGHLIGHTS
Multi Tenant Office
12’ 8” deck height on ground floor
Updated restroom cores
10’ 5” deck height on 2nd floor
Elevator served
Comcast/AT&T Fiber connectivity
Private Balconies
100% sprinklered
Surface Parking provided by City lot
Mature well maintained landcaping
adjacent to Building
STACKING PLAN
288/298 S Sunnyvale Ave
STACKING PLAN
1ST FLOOR 2ND FLOOR
EXTERIOR
DECK
Suite 104 Suite 105
VACANT OCCUPIED Suite 209
±1,522 SF ±1,418 SF VACANT
Suite 101 ±2,950 SF
LED: 8/31/2021 Suite 210
OCCUPIED
±7,503 SF OCCUPIED
Fire LED: 12/31/2020 ±4,042 SF
Sprinkler
Riser LED: 6/30/2021
EXTERIOR
DECK
EXTERIOR
DECK
ELEV.
ELEC.
Suite 205
Suite 103 Suite 203
(E) ELECT.
OCCUPIED Suite 201
OCCUPIED Suite 102 ±2,563 SF OCCUPIED
±1,254 SF VACANT LED: 5/31/2021 ±683 SF ±1,151 SF
LED: 3/31/2022 ±1,702 SF LED: 12/31/2020
EXTERIOR
DECK
VACANT 2021 2022
RENT ROLL
288/298 S Sunnyvale Ave
UNIT TENANT LED ±SF MONTHLY RENT (FS) ANNUAL ESCALATIONS
PARCEL MAP
.46 Acres / 19,428 SF
Parcel Number 209-10-061
General Plan Designation: Transit Mixed Use - DSP/7
Zoning Designation: Downtown Specific Plan
SUNNYVALE ZONING MAP
288–298
South Sunnyvale Avenue
Sources: Esri, HERE, Garmin, Intermap, increment P Corp., GEBCO, USGS, FAO, NPS, NRCAN, GeoBase, IGN,
Kadaster NL, Ordnance Survey, Esri Japan, METI, Esri China (Hong Kong), (c) OpenStreetMap contributors, and the
GIS User Community
The City first adopted the Downtown Specific Plan (DSP) in 2003 to guide future development in the heart of Sunnyvale. The goal of
the DSP is to create an enhanced downtown that continues to be the heart of the community, providing a variety of destinations in a
pedestrian-friendly environment. Since the DSP’s adoption in 2003, the area changed from a downtown shopping mall to a vibrant
mixed-use environment with places for people to live, work, and visit.
In 2015 and 2017, three property owners approached the City with requests to allow for more development on several sites near the
Sunnyvale Caltrain Station. The City Council allowed the property owners to submit applications. At the same time, the City Council
recognized that these projects would require amendments to the DSP and authorized hiring an outside firm to help evaluate and update
the DSP.
The proposed updated plan keeps the Vision for Downtown (adopted in 2003) as “An enhanced traditional downtown serving the
community with a variety of destinations in a pedestrian-friendly environment.” The update:
• Acknowledges the changing retail environment
• Includes flexibility for increased density through incentive programs or Community Benefits
• Strengthens the design guidelines
• Provides guidance to enhance the pedestrian experience and include more wayfinding such as signs, gateways and other icons
1 / Execut ive Summary
DOWNTOWN DISTRICTS MAP
288–298
South Sunnyvale Avenue
Sunnyvale/Carroll District – This district contains primarily medium and higher density residential uses to transition from the more
intense Downtown Core to less intense residential neighborhoods. These residential uses will be supplemented with a small amount of
service retail.
FIGURE 1-1 DOWNTOWN DISTRICTS
The Sunnyvale/Carroll district is bounded by the railroad tracks to the north and the affected streets of Evelyn Avenue, McKinley Avenue,
Sunnyvale Avenue, Carroll Street, and Bayview Avenue and is composed of Blocks 3, 4, 5, 6, 7, and 23. In 2020 this district is residential
and commercial in character, containing low and medium density housing and local-serving businesses. This district is planned
Page 1-4 Downtown Specific Plan 2020
FIGURE
primarily for1-1 DOWNTOWN
residential DISTRICTS
uses with a small amount of service retail. Blocks 4, 5, 6, and 23 are zoned for multi-family residential, ranging
in density from medium- to high-density. Multi-family residential developments would buffer outlying singlefamily neighborhoods
from the railroad and the denser downtown uses. Townhouse densities of 24 units per acre along Washington Avenue would match
thePage
existing
1-4 developments along these streets. Blocks 3 and 7 provide a transition from the Downtown CoreSpecific
Downtown and are designated
Plan 2020 for
commercial and mixed use development.
5 \ Downt own Dist rict s
LAND USE PLAN
5 \ Downt own Dist rict s
288–298
South Sunnyvale Avenue
FIGURE 5-1 LAND USE PLAN
Page 5-4 Downtown Specific Plan 2020
DOWNTOWN SUNNYVALE AERIAL
THE DON’S DELI
CEN SAJJ MEDITERRANEAN
TRA
LE
XPR TAVERNA BISTRO
ESS
WA K TEA
Y
RIVER ROCK TAPROOM
CHOCOLATIER DESIREE
AVE
RAMEN SEAS
TAO TAO CHINESE
ILDA
LILY MAC’S
THE OXFORD
ATH
VINO VINO
POKI BOWL
S. M
DISH DASH
BEAN SCENE CAFE
GUMBA’S ITALIAN
SIAM TASTE THAI
PHOEVER ROBERTO’S CANTINA
KABEL AFGHAN CUISINE ROK BISTRO
IL POSTALE
ROKKO
MURPHY’S LAW
THAI BASIL
GELATERIA BELLA ROMA
INCHUN’S BAMBOO GARDEN
NOM BURGER
TAP’T
CITYLINE PAUL & HARVEY’S
FIBBAR MAGEE;S
LE PLONC WINE BAR
MCK
PHASE 2 288-298 HOUSE OF KABOB
INLE S. SUNNYVALE PIZZARIA
Y AV
E DEVELOPMENT AVE OFF THE RAILS BREWING CO.
COFFEE & MORE
1
AVE
VALE
NNY
S. SU
288–298
South Sunnyvale Avenue
SUNNYVALE, CA
BEN KNIGHT MARK CHRISTIERSON
SENIOR VICE PRESIDENT SENIOR VICE PRESIDENT
Lic. 01850353 Lic. 01296954
+1 408 453 7441 +1 408 453 7452
ben.knight@cbre.com mark.christierson@cbre.com
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