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2565 Harrison Road Northwest

Sundar Pichai Of Google Acquires 85 Acres Development Site In New Albany For $63M
SOLDDevelopment Site

Sundar Pichai Of Google Acquires 85 Acres Development Site In New Albany For $63M

2565 Harrison Road Northwest

$63,000,000

Building Size

Asset Type

Development Site

Closing

Jun 16, 2025

AI

The property involved in this transaction is an 85-acre development site located at 2565 Harrison Road Northwest, New Albany, OH. The sale price for the site was $63,000,000. This acquisition enables the buyer to enhance its data center operations in the Columbus region.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $63,000,000
  • Buyer: Sundar Pichai - Google
  • Seller: David B. Tolson - DBT Development Group
  • Market: New Albany, OH
  • Acres: 85

In this transaction, Sundar Pichai represented Google as the buyer, while David B. Tolson represented DBT Development Group as the seller. The property was previously acquired by DBT Development Group’s data center arm for $1.6 million in 2023, underlining the growing demand driven by major tech companies expanding their data center footprint in the area.

Players

Sundar Pichai

Google

Buyer

$137.8M

vol

11 deals

Buyer
Google
GoogleBuyer

New Albany Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93