Sunnyvale With the $350 million purchase of a large South Bay office complex, Apple has already spent well over half a billion dollars on Santa Clara County real estate only this week.
According to paperwork submitted to the Santa Clara County Recorder’s Office on June 26, the $350 million deal saw the iPhone manufacturer purchasing a two-building site in Sunnyvale.
Apple’s efforts to fortify the company’s decades-long foothold in the South Bay have been strengthened by the Sunnyvale purchase as well as other leases and property acquisitions in the area.
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Apple’s Vice President of Global Real Estate and Facilities, Kristina Raspe, stated, “We are proud to continue investing in world-class facilities for our teams here.” The Santa Clara Valley has been home to Apple for more than 40 years.
According to county records, the Sunnyvale campus that Apple recently purchased is located at 615 and 625 North Mathilda Avenue.
Undoubtedly, this Sunnyvale transaction came at an astounding cost and is among the biggest office building acquisitions in the Bay Area this year. It seems to be the highest price paid this year for a Santa Clara County property.
Additionally, the purchase of the Sunnyvale properties was Apple’s most recent significant acquisition of South Bay real estate this week.
According to county records, Apple spent little more than $166.9 million to purchase a three-building office complex at 10200 North Tantau Avenue in Cupertino. The transaction closed on June 24.
This week alone, the internet giant has spent almost $517 million to purchase five South Bay office complexes.
In both deals, Apple leased the two office buildings from real estate companies that later sold them to the iPhone manufacturer.
In 2022, Apple leased the Sunnyvale campus from the seasoned and prosperous Bay Area real estate company Jay Paul Co. The office complex is 382,500 square feet and is divided into two buildings.
The Sunnyvale office complex might have enough room for 1,500–1,900 employees.
Apple’s acquisition of the two Sunnyvale buildings indicates that the office complex, known as Mathilda Commons, is experiencing strong and increasing prices.
Why? Apple’s payment of $350 million was 19.5% more than the Sunnyvale campus’s January 2024 assessed value of $292.8 million.
based in Cupertino In recent years, Apple has been active in the South Bay real estate market, mostly buying office buildings where it already had a lease.
Similar to the latest deal, Apple has purchased several Cupertino office buildings that it had been leasing in prior years.
Other purchases made by Apple include:
In 2021, a $450 million agreement was reached to purchase a five-building office complex located close to Interstate 280 on North De Anza Boulevard, Mariani Avenue, and Valley Green Drive.
the purchase of Apple Results Way, a complex consisting of ten buildings, in 2023. The seller and Apple did not disclose the price.
the 2023 acquisition of an office complex at 10200 North De Anza Blvd. for $70 million. Apple may have gotten the property at a bargain because the acquisition indicated a 35% drop in the structure’s worth.
Apple sold a South Bay office facility in at least one of those cases. In February 2025, Apple paid $27 million to Samsung for an office building in north San Jose.
