Gilroy Showroom Property Sells with Multiple Options for Buyer

Cushman & Wakefield co-brokered the sale of an approximately 125,597-square-foot commercial building on 13.7 acres in Gilroy. Located at 7900 Arroyo Cir., the property is currently used as an indoor/outdoor showroom by a recreational vehicle business. The flexible property can also accommodate a variety of commercial uses such as showroom, retail, warehouse, automotive, and more.

The versatile property was acquired by Gilroy Ventures LLC, a real estate investor, for $13.8 million. Cushman & Wakefield’s Miki Correa together with CBRE’s Rick Shaffer, Marie Anderson and John Shaffer represented the seller, Gilroy JRV LLC.   

“This is a unique versatile, multi-functional property on a large parcel with a premier location in southern Santa Clara County/Silicon Valley,” said Correa. “Given its profile, the asset provides the buyer with several near- and long-term investment strategies, including but not limited to re-tenanting the project, future redevelopment including expanding the existing building footprint and more.”

The building was originally owned and occupied by a major global multichannel retailer brand that is also one of the world’s largest companies, Cushman & Wakefield said. The property also sits directly in front of a large parcel that was purchased by one of the largest data service centers.