Updated Mar 5, 2026
Alex Hawkinson Of BrightAI Signs Full-Building Lease For 26891 Square Feet In Palo Alto
1001 Page Mill Road
Building Size
26,891 SF
Asset Type
Office
Closing
Feb 24, 2026
About this deal
AI
The property asset involved in this lease is located at 1001 Page Mill Road in Palo Alto. It consists of office space totaling 26,891 square feet, situated in a market characterized by a growing presence of technology startups, particularly in artificial intelligence and robotics.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Full-building lease
- Address: 1001 Page Mill Road
- Market: Palo Alto
- Asset Square Footage: 26,891
- Tenant: Alex Hawkinson - BrightAI
The deal features Alex Hawkinson, the founder of BrightAI, who signed the lease to expand the company's facilities within Stanford Research Park. The lease aligns with the increasing demand for infrastructure-focused AI and robotics development in the region.
On the Map
Office
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Palo Alto Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93