Updated Dec 4, 2024
Gilroy Ventures LLC Acquires Commercial Property From Gilroy JRV LLC For $13.8M
7900 Arroyo Circle
$13,800,000
$109/SF
Building Size
125,597 SF
Asset Type
Commercial
Closing
May 20, 2024
About this deal
AI
The commercial property at 7900 Arroyo Circle in Gilroy has been sold for $13.8 million. This property spans 13.7 acres and features a 125,597-square-foot building. The versatile property is currently serving as an indoor/outdoor showroom for a recreational vehicle business, offering flexibility for various commercial uses such as showroom, retail, warehouse, and automotive.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $13,800,000
- Address: 7900 Arroyo Circle
- Market: Gilroy
- Square Footage: 125,597
- Buyer: Gilroy Ventures LLC
- Seller: Gilroy JRV LLC
- Brokers: John Shaffer, Marie Anderson, Miki Correa & Rick Shaffer - Cushman & Wakefield
Gilroy Ventures LLC, a real estate investor, has successfully acquired the property. The deal was facilitated by Miki Correa from Cushman & Wakefield, along with Rick Shaffer, Marie Anderson, and John Shaffer representing the seller, Gilroy JRV LLC.
Players
Gilroy Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93