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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 300 Holger Way
- Market: San Jose
- Landlord: Richard Holmstrom - Menlo Equities
- Tenant: Nvidia
- Brokers: Erik Hallgrimson, Jeff Cushman, Kelly Yoder & Steve Horton - Cushman & Wakefield
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
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