Sand Hill properties pays record Cupertino/West San Jose land price


#1

They bought a 300,000 sq ft property for almost $150M. That values a 6000 sq ft land at about $3M. That’s ridiculous. @Jane, may be you should be more optimistic about your properties. :smile: Unless I screwed up in my calculations.


#2

I think 300,000 sq ft is built up and not land. 300,000 sq ft is roughly 7 acres and i am sure the property is bigger than 7 acres.


#3

It is certainly about 300,000 sq ft. This is from another source:


#4

yes thats built area and you calculated the value based on land area. where does it say the total lot area is 300,000 sq ft?


#5

Found this listing that indicates total land area as 277 AC, wonder if it is acres… it does not look right either its definitely not that big.


#6

You are probably right. Thinking about it 7 acres seems too small for that place. Sorry Jane if I got your hopes up. :smile:


#7

Also note that Saratoga is expensive than Cupertino, land value is high. This one is next to big mall, location is prime area shoppers place.


#8

It’s not really a prime retail location. Very few people travel that way, slow business. Plus retail is killed by Amazon.


#9

No way. If you compare price/sf, Saratoga is cheaper than CU.
Besides, this mall is in WSJ.
Not very close to Saratoga prime area.


#10

One night dream was good enough for me. :slightly_smiling_face:


#11

Exactly, not many realize that. SFHs in Saratoga is more expensive than CU because they are of larger square footage on larger lot.


#12

Saratoga’s a little too far for commuting. Also lacks the racial diversity and population growth. Also an excessive number of women :rofl:, lacks gender balance.

“For every 100 females age 18 and over, there were 92.6 males.”

Population is the same as 1980. Lacks multi family buildings, no business community, zero jobs.


#13

I agree on price/sf, they can not beat CU. Since lots of Saratoga is mostly bigger, it is expensive.


#14

Saratoga is talking about San Jose’s finest neighbor, equivalent to Atherton being the most expensive place close to Redwood city.