Updated Nov 17, 2023
Google Acquires Two Office Buildings In North San Jose
122 E Brokaw Rd, San Jose, CA 95112, United States
$61
$61/SF
Building Size
242,200 SF
Asset Type
Office
Closing
Apr 28, 2023
About this deal
AI
Google has taken occupancy of two office buildings totaling nearly 370,000 square feet at its new Brokaw Campus in North San Jose. The campus is located at 122 East Brokaw Road and 1849 Bering Drive. Despite recent layoffs, Google's occupancy of these offices signals their continued growth and commitment to their presence in the city.
Summary of transaction details:
- Property Type: Office
- Tenant: Google
- Address: 122 East Brokaw Road and 1849 Bering Drive, North San Jose
- Square Footage: 370,000
- Market: San Jose
Google took occupancy of two office buildings at its new Brokaw Campus in North San Jose. This move comes after Google paused plans for its Downtown West transit village in Downtown San Jose. Despite recent layoffs, Google is showing continued growth and commitment to its presence in the city.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
260049.18%
Cash-on-Cash
-74322.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93