Big South Bay office building is bought, deal shows huge price plunge

SUNNYVALE — An eye-catching South Bay office building that was once the headquarters of bankrupt biotech company 23andMe has been bought at a price that reflects a massive decline in the property’s value.

The office building, located at 221 North Mathilda Avenue in Sunnyvale, was bought for $87.8 million, according to documents filed on June 5 with the Santa Clara County Recorder’s Office.

The new owner was able to buy the building at a price that was far below what the sellers paid for the high-profile property...