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

Property Image
SOLD
$25,200,000
SP
Yi “Jason” Zhu

California

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Office83,000 SF
Sold
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Property Image
SOLD

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

4500 North 1st Street

See Similar Deals
Office83,000 SF
Sold
SP
Yi “Jason” Zhu
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$303
Total Square Footage:83000 SF
Transaction Type:Sale

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

SP
Google
Sundar Pichai
8 deals$137.8M volume
BUYER
Yi “Jason” Zhu
Gemdale USA
Yi “Jason” Zhu
1 deal$25.2M volume
SELLER

Details

SOLD
IMAGE: Sundar Pichai & Jason” Zhu DATE: 03/10/2026 ADDRESS: 4500 North 1st Street MARKET: San Jose ASSET TYPE: Office BUYER: Sundar Pichai (@SundarPichai) - Google (@Google) SELLER: Jason Zhu - Gemdale USA SALE PRICE: $25,200,000 SF: 83,000 ~ PPSF: $304 NOTE: Google acquired the 83,000-square-foot office building at 4500 North 1st St. in San Jose, CA for $25.2 million ($303.61/sf). The property, built in 2018 with conference facilities and outdoor seating, was purchased from an affiliate of Gemdale USA Corp. and is located near nine other Google-owned buildings.

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

$1,344,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$89,530.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$119,460.86
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