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3725 North 1st Street

Updated Mar 3, 2025

Samsung Semiconductor Acquires Office Building From Apple In San Jose For $27M
SOLDOffice

Samsung Semiconductor Acquires Office Building From Apple In San Jose For $27M

3725 North 1st Street

$27,000,000

$381/SF

Building Size

70,700 SF

Asset Type

Office

Closing

Feb 27, 2025

About this deal

AI

The property asset involved in this transaction is a 70,700-square-foot office building located at 3725 North 1st Street in San Jose. The sale price for this property was $27,000,000, and it is situated on a 5.2-acre site. The office building is in the San Jose market, and the price per square foot is $382.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $27,000,000
  • Square Footage: 70,700 SF
  • Address: 3725 North 1st Street
  • Market: San Jose
  • Acreage: 5.2
  • Buyer: Han Jong Hee - Samsung Semiconductor
  • Seller: Tim Cook - Apple

This transaction involved key individuals representing significant companies in the technology sector. Han Jong Hee represents Samsung Semiconductor, which acquired the office building from Tim Cook, representing Apple. The site is adjacent to Samsung's 1.1 million-square-foot regional hub, indicating potential for future redevelopment into a larger office structure.

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$27,000,000

$381/SF

Office

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San Jose Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $381 per square foot on a published $27M for 70,700 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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