Brian Chesky Of Airbnb Leases Office Space To Jay Chaudhry Of Zscaler In Santa Clara
4401 Great America Parkway
Building Size
301,000 SF
Asset Type
Office
Closing
May 8, 2025
AI
4301 and 4401 Great America Parkway in Santa Clara comprises two office buildings with a combined square footage of 301,000. The properties are part of the struggling Bay Area office market, previously leased by Airbnb but never occupied.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 4301 & 4401 Great America Parkway
- Market: Santa Clara
- Landlord: Brian Chesky - Airbnb
- Tenant: Jay Chaudhry - Zscaler
- Sublease Period: September 2026 to April 2032
Zscaler has entered into an agreement to sublease the properties from Airbnb, representing a notable transaction in the market. The involvement of both Brian Chesky and Jay Chaudhry highlights the notable participants in this lease agreement.
Players
Santa Clara 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