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300 Holger Way

Nvidia Leases 100,600 Square Feet Office Space At 300 Holger Way San Jose
LEASEDOffice

Nvidia Leases 100,600 Square Feet Office Space At 300 Holger Way San Jose

300 Holger Way

Building Size

100,600 SF

Asset Type

Office

Closing

Dec 13, 2024

AI

The property asset involved is an office space located at 300 Holger Way in San Jose, comprising 100,600 square feet. This three-story building is owned by Menlo Equities and is intended for use as engineering and lab spaces.

Summary of transaction details:

Nvidia has leased the property, indicating a substantial expansion within the AI sector in the region. The lease also signifies a potential recovery for the South Bay office market, contributing to tech job growth in the area.

Players

Steve Horton

Cushman & Wakefield

Broker

$138.2M

vol

7 deals

Broker

San Jose Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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