
Silicon Valley Whole Foods-Occupied Asset Trades for $55M
A 50,451-square-foot retail property occupied by Whole Foods Market in Los Altos, CA sold for $55 million. Imperial Hornet Developers, LLC acquired the freestanding property located at 4800 El Camino Real from Compass Grand Associates, LLC.
Situated on 2.41 acres with frontage and high visibility along El Camino Real, one of the region’s primary thoroughfares, the store features dual entry on the ground floor, as well as two levels of subterranean parking.
Investment specialists Kevin Held and Matt McNeill with Cushman & Wakefield represented the buyer in the transaction. The duo worked with Ron Goldie, a Los Angeles-based attorney, who acted as an investment advisor in leading negotiations for the buyer.
Held says, “This is an irreplaceable, single tenant asset and a generational investment opportunity in the epicenter one of the best economies in the world. The property was originally developed as a prototype build to suit for Whole Foods in an area with extremely high barriers to entry and strong market fundamentals.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition