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

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SOLD
$27,000,000

California

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Office70,700 SF
Sold 02/27/2025
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Property Image
SOLD

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

3725 North 1st Street

See Similar Deals
Office70,700 SF
Sold 02/27/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$381
Total Square Footage:70,700 SF
Transaction Type:Sale

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.

Details

SOLD
IMAGE: Tim Cook DATE: 02/27/2025 ADDRESS: 3725 North 1st Street MARKET: San Jose ASSET TYPE: Office ~ ACRES: 5.2 BUYER: Han Jong Hee - Samsung Semiconductor SELLER: Tim Cook - Apple (@Apple) SALE PRICE: $27,000,000 SF: 70,700 ~ PPSF: $382 NOTE: Samsung Semiconductor bought a 70,700-SF office building at 3725 North First St. in San Jose from Apple for $27M in an all-cash deal. The 5.2-acre site, adjacent to Samsung’s 1.1M-SF regional hub, could be redeveloped into a larger office structure.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,440,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30