Sundar Pichai Of Google Acquires Office Building From Jason Zhu Of Gemdale USA For $25.2M
4500 North 1st Street
$25,200,000
$303/SF
Building Size
83,000 SF
Asset Type
Office
Closing
Mar 10, 2026
AI
Google acquired the 83,000-square-foot office building located at 4500 North 1st Street in San Jose, CA for a sale price of $25,200,000. The property was built in 2018 and features conference facilities and outdoor seating, situated in proximity to nine other Google-owned buildings.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,200,000
- Buyer: Sundar Pichai - Google
- Seller: Jason Zhu - Gemdale USA
- Square Footage: 83,000
- Price Per Square Foot: $304
- Market: San Jose
Sundar Pichai represented Google in this transaction while Jason Zhu represented Gemdale USA in the sale of the property. This acquisition expands Google's portfolio in the San Jose area.
Players
San Jose Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93