Apple Buys Cupertino’s Leased Results Way Campus

Apple has bought a huge office and research complex in Cupertino which it had leased in 2011 in a rental deal, further solidifying its Silicon Valley presence (via SiliconValley.com)

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Called the Apple Results Way Campus, the office is located west of State Route 85 near the corner of Bubb Road and McClellan Road. It’s also a few miles from Apple’s spaceship office complex.

The move comes at a time when a narrative has emerged that tech companies are scaling back their office holdings.

According to documents filed on Dec. 23 with county officials, the seller was a corporate entity that is wholly owned by Apple. That entity is a designated successor of the actual prior owner.

Payment of a county transfer tax is not required in such cases when the buyer and seller are essentially made up of the same people.

In 2020, the Swift Realty Partners affiliate paid $346 million for the tech campus. In mid-2022, the assessed value of the tech campus was $352.8 million. That’s an increase of just under 2%.

“The Class A office and R&D complex sits on nearly 20 acres in Cupertino, which has one of the lowest vacancy rates in Silicon Valley,” Swift Realty Partners states on a web page for the Apple Results Way Campus.

The campus totals 383,700 square feet and is situated in a Silicon Valley suburb that’s characterized by Apple’s huge decades-long presence.