Amazon Acquires Mixed-Use Property In Gilroy For $31M

The mixed-use property located at 1445 Pacheco Pass Highway in Gilroy has been sold in a recent transaction. The property spans across 60.0 acres and features a total square footage of 400,000. The sale took place on December 28, 2021.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $31,000,000
• Address: 1445 Pacheco Pass Highway, Gilroy
• Market: Gilroy
• Acres: 60.0

The buyer of the property is Amazon, a well-known e-commerce company. They purchased the property from the Machado Family. The transaction was completed at a price of $31,000,000, resulting in a price per square foot of $77.

One notable detail from the transaction is the involvement of Andy Jassy and Jeff Bezos, the CEO and former CEO of Amazon, respectively. The presence of these key individuals highlights the significance of the deal and the interest of Amazon in expanding their real estate portfolio.