350 Cobalt (Nvidia)

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire 350 Cobalt (“350 Cobalt” or the “Property”) — a partial two-story, 134,218-square-foot research and development asset. Built in 1978, renovated in 2022, and currently undergoing additional improvements from Nvidia (NASDAQ: NVDA), the Property represents one of the best research and development assets in Silicon Valley. Located off Lawrence Expressway near Highway 101, the property occupies an 8.34-acre site and is 100% leased to Nvidia Corporation (S&P: AA-) through August 2036. The lease provides bond-like cash flow with 3.0% escalations, backed by one of the most creditworthy and largest market cap companies in the world.

350 Cobalt is one of Nvidia’s few R&D lab with data center facilities, operating as mission-critical infrastructure within a 5-minute drive from Nvidia’s headquarters. The Property benefits from extensive power capacity of 10 megawatts, significant tenant investment, and operational synergies with neighboring Nvidia assets while maintaining connectivity across the Peninsula and greater Bay Area.

350 Cobalt offers investors an opportunity to acquire one of the few Nvidia assets leased on a long-term basis with critical infrastructure, lab, and data center improvements.