Prime San Jose Location Available for New Investors
An Nvidia-occupied office and data center in San Jose, California, is now up for sale. The property, located at 300 Holger Way, is being marketed by CBRE Capital Markets, though a listing price has not been disclosed.
Overview of the Property
A Modern Powered Shell Facility
The property comprises a three-story powered shell data center and lab facility. Nvidia, a leader in GPU hardware and AI solutions, occupies the site under a triple net (NNN) lease that extends until September 2035. Nvidia’s lease began in January 2025, and the company plans to transform the site into a state-of-the-art data center and laboratory.
- Location: 300 Holger Way, San Jose, California
- Size: 100,325 sq ft (9,320 sqm)
- Utility Power: 8.5MW
- Land Area: 4.86 acres
Property History and Ownership
Past Owners and Renovations
The building was constructed in 2000 and underwent renovations in 2020. Menlo Properties currently owns the site, having acquired it in November 2021 for $35 million from KBS. Prior to Nvidia’s lease, the property was part of an eight-building portfolio known as District 237, previously owned by KBS. It was once home to Ericsson-owned Redback Networks.
Nvidia’s Vision for the Facility
Significant Investments and Future Plans
According to the sales brochure, Nvidia plans to invest heavily in the site, customizing it into a cutting-edge data center and laboratory. This aligns with Nvidia’s broader strategy to expand its data center footprint and enhance its cloud services offerings, including the DGX Cloud.
In 2023, reports indicated Nvidia’s intent to grow its data center infrastructure to support its AI-powered cloud solutions. The company has already committed over $9 billion in cloud computing services, including its DGX Cloud, to meet rising demand for AI applications.
Menlo Properties: A Key Player in Data Center Real Estate
Extensive Portfolio Across the U.S.
Menlo Properties owns several data centers across key U.S. markets, including California, Virginia, Illinois, Massachusetts, Tennessee, and Texas. Their holdings reflect a strategic focus on high-value properties catering to the booming data center industry.
Related Searches
- What is Nvidia’s DGX Cloud?
- How does a triple net (NNN) lease work?
- What are the benefits of powered shell facilities for data centers?
- Key players in Silicon Valley data center investments
FAQs
1. What is a powered shell data center?
A powered shell data center is a facility with essential infrastructure, such as power and cooling, ready for tenant customization.
2. How long is Nvidia’s lease on the property?
Nvidia’s lease at 300 Holger Way runs until September 2035.
3. What is the size and power capacity of the property?
The facility spans 100,325 sq ft and offers 8.5MW of utility power.
4. Who currently owns the site?
The property is owned by Menlo Properties, a real estate firm with a portfolio of data centers across the U.S.
5. Why is Nvidia investing in this facility?
Nvidia plans to convert the property into a state-of-the-art data center and laboratory to support its AI and cloud computing initiatives.
