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Los Gatos auto dealership sites are bought by prolific developer

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LOS GATOS — Two Los Gatos sites currently operated by luxury and luxury car dealers have been acquired by a busy real estate company that prefers to redevelop prime real estate.

Sandhill Property acted through affiliates and paid a total of $ 25.4 million to properties near the corners of Los Gatos Boulevard and Blossom Hill Road.

The two Los Gatos sites are currently occupied by Los Gatos Acura and Los Gatos luxury cars, the brands of which include Rolls-Royce, Aston Martin, Bentley and Lamborghini vehicles.

According to property records, Sandhill Property paid $ 13.2 million for the luxury car site on 620 Blossom Hill Road and $ 11.3 million for the Acura parcel of 16151 Los Gatos Boulevard.

16151 Acura Car Dealer in Los Gatos Boulevard. In Los Gatos. (Meacham Oppenheimer)

The purchase was arranged through the brokers David Taxin and Jeremy Awdisho of the commercial real estate company Mechaam Oppenheimer.

Accura dealers are leased to a company managed by the Penske Automotive Group, founded by entrepreneur and auto racing executive Roger Penske. Penske is also a retired racing driver.

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