Lincoln Auto Dealership Purchases 1.1 Acre Ground Lease At 3155 Stevens Creek Boulevard For $10M

The property involved in this transaction is a ground lease located at 3155 Stevens Creek Boulevard in San Jose. This retail asset encompasses an area of 1.1 acres. The sale price amounted to $10,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,000,000
• Address: 3155 Stevens Creek Boulevard
• Market: San Jose
• Acres: 1.1
• Buyer: Lincoln Auto Dealership
• Broker Representatives: J.J. Taughinbaugh & Yuri Sergunin - Marcus & Millichap

Marcus & Millichap facilitated the off-market sale, and the buyer, Lincoln Auto Dealership, acquired the property from an undisclosed seller. It is noted that the buyer had already held the leasehold improvements prior to this transaction.