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

Property Image
SOLD
$41,600,000

California

See Similar Deals
Retail
Sold 06/02/2023
the dealdetailscomps
Property Image
SOLD

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

15480 Los Gatos Blvd Los Gatos, CA 95032, USA

See Similar Deals
Retail
Sold 06/02/2023
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

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.

Players

SP
Sand Hill Property
BUYER
SP
Sand Hill Property
BUYER

Details

SOLD
IMAGE: Steve Lynch & Peter Pau DATE: 06/02/2023 ADDRESS: 15480 & 15500 Los Gatos Boulevard MARKET: Los Gatos ASSET TYPE: Retail ~ ACRES: 7.4 BUYER: Sand Hill Property - Peter Pau & Steve Lynch SALE PRICE: $41,600,000 NOTE: Sand Hill Property has acquired a former auto dealership site in Los Gatos, giving them control over 7.4 acres of prime land. A new Whole Foods Market is planned to open on a 2.9-acre site within the property in Q4 2024.

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