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

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.