Netflix’ Future Home Lures German Buyer
- Sep 30, 2015
Given the volume of capital that swirls around the southern Bay Area, newly built, top-quality office properties are understandably prized by buyers at home and abroad. Recently the German-based investment firm WealthCap acquired two buildings in Los Gatos that Netflix will make its future global headquarters.
Located in the LG Business Park at 121 and 131 Albright Way, near the intersection of Route 85 and Winchester Boulevard, the low-rise steel-framed facilities total 260,979 square feet of space. Also part of the 15-acre campus are 664 spaces of surface parking plus a parking garage that can accommodate 930 vehicles.
Amenities at WealthCap’s newly acquired assets include modern finishes, central core design, 11-foot finished ceilings, two-story atrium lobbies, a reception area, perimeter conference rooms, 7,000 square feet of outdoor patios and rooftop solar panels.
Another key feature of the property is an auditorium, which will come in handy for hosting exclusive premieres as Netflix expands its original programming. The buildings are certified LEED Silver and offer nearby electric car charging stations.
The acquisition is WealthCap’s second in the market during the past year. CBRE Global Investors advised the buyer in the acquisition.