An investor buys an RV property for sale in Gilroy | Gilroy dispatch

A real estate investor recently purchased a prominent commercial property in Gilroy for $13.8 million, according to the deal’s broker.

The property, located at 7900 Arroyo Circle, includes a 125,597-square-foot building on nearly 14 acres, according to Cushman & Wakefield, which brokered the sale. The buyer is Gilroy Ventures LLC, an area real estate investor.

The property enjoys extensive freeway frontage along the 101 Freeway. The site is currently used as an indoor and outdoor showroom for Family RV, a recreational vehicle business.

According to Cushman & Wakefield, the property can accommodate a variety of commercial uses, including showroom, retail, warehouse, automotive and more.

Cushman & Wakefield represented the seller of the property, Gilroy JRV LLC.

“This is a unique, versatile, multi-use property on a large parcel with a prime location in southern Santa Clara County/Silicon Valley,” said Cushman & Wakefield Principal Miki Correa. “The prime location offers extensive freeway frontage and is also close to a host of amenities.

“Given its profile, the asset offers the buyer multiple short- and long-term investment strategies, including but not limited to project re-letting, future redevelopment, including expansion of the existing building footprint and more.”

The property is also surrounded by numerous commercial and office buildings in and around the Gilroy Outlet Mall. The site also directly fronts a large parcel that is owned by a large data services center, according to Cushman & Wakefield.

The building at 7900 Arroyo Circle was originally owned and occupied by a major global multichannel retailer brand, which is also one of the largest companies in the world.

Family RV did not immediately return a phone call. The company currently offers RV sales, rentals, service and storage at the Arroyo Circle property.