An Nvidia-occupied office and data center is up for sale in San Jose, California.
CBRE Capital Markets is offering 300 Holger Way as up for sale to a new landlord/investor. A listing price was not included.
The property is described as a three-story powered shell data center and lab facility, fully occupied by Nvidia on an NNN lease through to September 2035.
Sat on 4.86 acres, the 100,325 sq ft (9,320 sqm) building was constructed in 2000 and renovated in 2020. It offers 8.5MW of utility power.
After signing on last month, Nvidia’s lease on the property began this month. According to the sales brochure, Nvidia will invest ‘significant capital performing a complete custom build-out into a state-of-the-art data center/lab facility.’
The site is currently owned by Menlo Properties, which acquired the site in November 2021 for $35 million from real estate firm KBS. KBS acquired the site in 2013 as part of an eight-building portfolio known as District 237 (formerly the Corporate Technology Centre). It was previously occupied by Ericsson-owned Redback Networks.
Real estate firm Menlo owns a number of data centers across California, Virginia, Illinois, Massachusetts, Tennessee, and Texas.
Nvidia, which supplies the GPU hardware fueling the current AI boom, has developed several of its own supercomputers, placed in Nvidia-operated or partner facilities globally.
The company also offers access to its hardware through its own DGX cloud – currently only through the public cloud providers.
A 2023 report suggested the company was seeking to expand its data center footprint to support its cloud services and offer it more directly.
In its May 2024 earnings report, Nvidia said it had committed to spend at least $9 billion on cloud computing services (including DGX Cloud) over the next few years.