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Google LLC Leases Molinari-Martinelli Farm Near Mountain View HQ For 35 Years

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LEASED

California

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Farm
Leased 09/01/2023
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LEASED

Google LLC Leases Molinari-Martinelli Farm Near Mountain View HQ For 35 Years

1851 Charleston Road

See Similar Deals
Farm
Leased 09/01/2023

Summary

CALIFORNIA
Asset Type:Farm
Transaction Type:Lease

The Molinari-Martinelli property located at 1851 Charleston Road in Mountain View has been leased by Google LLC for a period of 35 years. The property, spread across 1 acre, was originally a farmstead and will now be converted into a parking lot as part of Google's expansion plans for their North Bayshore campus. The lease agreement is valued at approximately $3 million.

Summary of transaction details

  • Property Type: Farm
  • Transaction Amount: $3 million
  • Address: 1851 Charleston Road, Mountain View
  • Market: Mountain View
  • Tenant: Google LLC
  • Landlord: Molinari-Martinelli Family - Leonard Martinelli
  • Lease Terms: 35 years

This lease agreement between Google and the Molinari-Martinelli Family highlights Google's commitment to expanding their presence in Mountain View. With the conversion of the former farmstead into a parking lot, Google aims to accommodate the growing needs of their North Bayshore campus. This strategic move will contribute to the company's continued success in the area.

Details

LEASED
IMAGE: 09/01/2023 ADDRESS: 1851 Charleston Road MARKET: Mountain View ASSET TYPE: Farm ~ ACRES: 1 LANDLORD: Molinari-Martinelli Family - Leonard Martinelli TENANT: Google LLC LEASE TERMS: 35-year NOTE: Google has leased the Molinari-Martinelli property near its Mountain View HQ for 35 years at around $3 million. They will convert the former farmstead into a parking lot as part of their North Bayshore campus expansion.

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97