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
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