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October 22, 2019
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Google-Occupied Property in Silicon Valley Sells for $190 Mil

9/17/19

Preylock Real Estate Holdings has acquired a four-story, 151k sf office building fully occupied by Google in Mountain View. The asset, located at 620 National Ave, adjacent to the 101 Fwy at Whisman Rd, traded for about $190 mil, or over $1,250/sf, according to industry sources.

The seller was a local entity, National Avenue Partners LLC, out of Los Gatos. The property is situated at the corner of Whisman with Fairchild Dr, near downtown Mountain View and Google’s corporate headquarters. Google’s lease at the building runs through 2029.

Preylock is no stranger to the Silicon Valley office market, having acquired a number of other such assets in recent years. This includes having paid $195 mil for 2001 Walsh Ave and $131 mil for 2880 Scott Blvd, two Santa Clara properties occupied by Nvidia that were purchased in 2017. Preylock also paid $84 mil for the six-building Central Park Plaza complex and $82 mil for 2851 Junction Ave, both San Jose assets that were acquired in 2018.







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