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4500 North 1st Street

Sundar Pichai Of Google Acquires Office Building From Jason Zhu Of Gemdale USA For $25.2M
SOLDOffice

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

Sundar Pichai

Google

Buyer

$137.8M

vol

11 deals

Buyer

Yi “Jason” Zhu

Gemdale USA

Seller

$25.2M

vol

1 deal

Seller

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