Updated Aug 14, 2026
Sundar Pichai Of Google Acquires Mixed-Use Property In Goleta For $32.5 Million
153 Castilian Drive
$32,500,000
$389/SF
Building Size
83,356 SF
Asset Type
Mixed-use
Closing
Aug 13, 2026
About this deal
AI
Google acquired a mixed-use property located at 153 Castilian Drive in Goleta, California, for $32.5 million. The asset encompasses a total area of 83,356 square feet situated on a 5-acre site, featuring office, research and development, and light industrial space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $32,500,000
- Square Footage: 83,356
- Price per Square Foot: $390
- Buyer: Sundar Pichai - Google
- Seller: Kenny Slaught - Investec Real Estate Cos.
- Market: Goleta, CA
Sundar Pichai represents Google in this transaction, facilitating the expansion of the company's operations in proximity to the Santa Barbara Research Park. Kenny Slaught, representing Investec Real Estate Cos., completed the sale, transferring ownership of the property which supports Google's ongoing initiatives in quantum computing in collaboration with UC Santa Barbara.
On the Map
$32,500,000
$389/SF
Mixed-use
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Players
Goleta 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93