Updated May 28, 2025
WeWork Leases 141,000 Square Feet In Santa Clara From Sobrato Organization
4980 Great America Parkway
Building Size
141,000 SF
Asset Type
Office
Closing
May 20, 2025
About this deal
AI
4980 Great America Parkway is an office asset located in Santa Clara, with a substantial square footage of 141,000. This property is part of the Tasman Corporate Center and is leased by WeWork.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 4980 Great America Parkway
- Market: Santa Clara
- Landlord: Tony Mestres - Sobrato Organization
- Tenant: John Santora - WeWork
This transaction marks a significant moment as WeWork has leased the space on behalf of Amazon, representing the company's second major lease in Silicon Valley through WeWork in recent months.
On the Map
Office
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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