Updated Oct 10, 2025
Ariane Gorin Of Expedia Leases 50000 SF Office Space At 4453 North 1st Street In San Jose
4453 North 1st Street
Building Size
50,000 SF
Asset Type
Office
Closing
Oct 3, 2025
About this deal
AI
The property involved in this transaction is an office space located at 4453 North 1st Street in San Jose. The total area of the asset is approximately 50,000 square feet. This office space is situated in the San Jose market, catering to enterprises in need of substantial commercial real estate for operational expansion.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Disclosed
- Address: 4453 North 1st Street
- Market: San Jose
- Asset Size: 50,000 SF
- Tenant: Ariane Gorin - Expedia
Ariane Gorin represents Expedia in this lease transaction, where the company has secured nearly 50,000 square feet of office space as part of its strategic expansion to enhance its engineering and AI operations, taking advantage of the tech talent available in Silicon Valley.
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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