Updated Dec 4, 2024
Jensen Huang Acquires Office Property From Brett Lipman In Santa Clara For $374M
2788 San Tomas Expressway
$374,000,000
$680/SF
Building Size
550,000 SF
Asset Type
Office
Closing
May 16, 2024
About this deal
AI
The property involved in the transaction is a 550,000-square-foot office located at 2788 San Tomas Expressway in Santa Clara. The sale price for this asset was $374,000,000, equating to a price per square foot of $680.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $374,000,000
- Address: 2788 San Tomas Expressway
- Market: Santa Clara
Jensen Huang, the CEO of Nvidia, purchased the office property from Brett Lipman of Preylock Holdings. The deal was facilitated by Steven Golubchik of Newmark, representing the parties involved. Nvidia's strategic move to secure its headquarters by acquiring the campus aligns with its growth plans and tech industry trends towards owning office spaces.
On the Map
$374,000,000
$680/SF
Office
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Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93