Updated May 12, 2025
Jensen Huang Of NVIDIA Acquires Mixed-Use Property In Santa Clara From Luke J. Petherbridge For $123M
2300 2398 Walsh Avenue
$123,000,000
$490/SF
Building Size
251,000 SF
Asset Type
Mixed-use
Closing
May 5, 2025
About this deal
AI
The transaction involves a mixed-use asset located at 2300-2398 Walsh Avenue in Santa Clara, which covers a total area of 251,000 square feet. The sale price for this property was set at $123,000,000, equating to approximately $490 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $123,000,000
- Buyer: Jensen Huang - NVIDIA
- Seller: Luke J. Petherbridge - Link Logistics
- Market: Santa Clara
- Total Square Footage: 251,000
- Price per Square Foot: $490
NVIDIA's acquisition of the Santa Clara Commerce Park marks a strategic expansion of its footprint in Silicon Valley, further supported by a significant $2.7 billion CMBS loan connected to the property. This purchase aligns with NVIDIA's ongoing strategy to bolster U.S.-based AI infrastructure development.
Players
Santa Clara Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93