Sand Hill Property Acquires Former Auto Dealership Site In Los Gatos For $41.6M

Sand Hill Property, led by Peter Pau and Steve Lynch, has acquired a former auto dealership site in Los Gatos, California. The property spans 7.4 acres and is located at 15480 & 15500 Los Gatos Boulevard. The transaction closed on 06/02/2023 for a sale price of $41,600,000. The market for this retail property is in Los Gatos.

Summary of transaction details

• Property Type: Retail
• Sale Price: $41,600,000
• Address: 15480 & 15500 Los Gatos Boulevard
• Market: Los Gatos
• Acres: 7.4

This deal was facilitated by Sand Hill Property, with Peter Pau and Steve Lynch representing the buyer. A notable development planned for the property is the introduction of a new Whole Foods Market. Expected to open in Q4 2024, the Whole Foods Market will occupy a 2.9-acre site within the property.