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Elon Musk's Tesla Leases 108000 Square Feet R&D Space In Fremont From Landlords Binswanger And Duvall
LEASED
California
See Similar DealsMixed-use108,000 SF
Leased 01/28/2026
LEASED
Elon Musk's Tesla Leases 108000 Square Feet R&D Space In Fremont From Landlords Binswanger And Duvall
45401 Research Avenue
See Similar DealsMixed-use108,000 SF
Leased 01/28/2026
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:108,000 SF
Transaction Type:Lease
The asset involved in this transaction is a mixed-use property located at 45401 Research Avenue in Fremont, encompassing a total of 108,000 square feet. This property is significant for the East Bay market, particularly in the context of research and development utilization.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 45401 Research Avenue
- Market: Fremont
- Landlord: David Binswanger & Clay Duvall - Lincoln Property Company
- Tenant: Elon Musk - Tesla
The deal marks a noteworthy expansion of Tesla's East Bay operations, underscoring the company's ongoing commitment to its research and development initiatives in the region. The involvement of David Binswanger and Clay Duvall from Lincoln Property Company illustrates the role of established entities in facilitating such significant transactions in a competitive market.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$6,190,494.83
Total Lease Value
$61,904,948.28
Net Landlord Cash Flow$6,190,494.83
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