Super Micro Computer acquires San Jose property for $80M, plans major redevelopment

Super Micro Computer, Inc.

Purchased 19.72 acres and 293,906 sq ft of buildings near headquarters for $80M.
Property includes development entitlements for up to 1.9M sq ft of office and parking.
Transaction expected to close in February 2024; $10M non-refundable deposit made.
Company currently leases a portion of the property for warehouse use.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Super Micro Computer, Inc. entered into Purchase Agreement with Caracol Property Owner LLC valued at aggregate purchase price of $80 million (effective 2024-01-26).

Action: entry
Agreement: asset purchase
Counterparty: Caracol Property Owner LLC
Value: aggregate purchase price of $80 million
Effective: 2024-01-26

Exact text from the filing

On January 26, 2024, Super Micro Computer, Inc. (the “Company”) entered into a purchase and sale agreement (the “Purchase Agreement’) with Caracol Property Owner LLC (the “Seller”) to purchase real estate from the Seller comprising approximately 19.72 acres of land and 293,906 square feet of buildings and improvements located in close proximity to the Company’s headquarters space in San Jose, California (the “Property”) “as is” for an aggregate purchase price of $80 million

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

Super Micro Computer, Inc. filing history →

Source: SEC EDGAR

accession 0001375365-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.