The Floriana | Sunnyvale
126 West Ahwanee | Sunnyvale, CA
Sq. Feet 83,940
The Gustavson Group of Compass Commercial is pleased to announce the sale pksl (pronounced ‘pixel’), a stunning, recently renovated, thirty-seven (37) unit boutique apartment community located at 1090 Sunnyvale Saratoga Road in the thriving city of Sunnyvale, CA.
PKSL was inspired by the pioneering tech heritage in Sunnyvale. Notable companies such as Yahoo! and Atari got their start here, the latter actually installing a prototype of the world famous “Pong” arcade game in a local bar back in 1972. pksl’s refreshed residences challenge the notion of what renting in Silicon Valley can be. With design flair, creative outdoor and communal spaces, architect-chosen details, and a color scheme bursting with energy and promise, pksl is home to big ideas and relaxed living, just like the Valley itself. pksl was imagined to deliver high quality features and modern design to apartment living in Silicon Valley.
The architect chosen finishes, appliances and amenities reflect a desire for comfort, style, and warmth. Contemporary features are supported by a bold black and white color scheme with striking accents that are represented in murals and motifs throughout the community. The subject property is situated on a large 1.21-acre parcel of land, and has a gross livable area of 26,488 total SF, offering its tenants a variety of studio, one, two, and three-bedroom floorplans to call home. The unit mix consists of (9) studio units with approximately 443 SF of living space, (11) 1-Bedroom/1-Bathroom units with approximately 711 SF of living space, (15) 2-Bedroom/1-Bathroom units with approximately 810 SF of living space, and (2) 3-Bedroom/2-Bathroom units ranging from 1,200-1,330 SF of living space. pksl has recently undergone a complete transformation with exterior and interior renovations totaling approximately $2,500,000. 36 of the 37 units have been completely renovated with cutting edge color tones and high-quality finishes and features. Refreshed kitchens and baths sport new European cabinetry, stainless steel appliances, and sleek fixtures. Most residences also feature a private balcony or patio.
Cap Rate: 4.27% NOI: $667,854 Livable Sq. Ft: 26,488
Built in 1960/2016 37 units Lot Sq. Ft: 1.21 Acres