San Jose Community More than 65 Percent Sold

SAN JOSE, Calif. – August 13, 2012 – Capital Station, LLC has sold 23 of 34 townhomes at its recently opened Capitol Station development thanks to high demand, attractive pricing, convenient location and a good partnership with area real estate brokers.

“We’ve had overwhelming interest because of the obvious shortage of new housing in the Silicon Valley area,” said Mark Higgins, vice president of sales and marketing for Capital Station, LLC. “Buyers are looking for homes that are available immediately and the Capitol Station community fills that need.”

The Mediterranean-style townhomes, located in the City of San Jose at the northeast corner of North Capitol Avenue and Grandview Drive, offer a variety of floor plans and range in size from 1,316 square feet (2 bedrooms/2.5 baths) to 1,809 square feet (3 bedrooms plus bonus room/3 baths). All units are covered by a home warranty, which includes major systems (electric, plumbing and heating/cooling) and the home’s structure.

Higgins has relied on Capitol Station’s sales representative, Teri Leffel, to spread the word to the local broker community about Capitol Station and has kept advertising to a minimum.

“Our homes are unique in that they’re nearly ready to occupy, come with a full warranty and are an excellent value and easy to show and sell,” he said. “In the end, we felt confident there was enough demand to share with other builders in the Berryessa and North Capitol area.”

Priced from $405,990 to $529,990, the townhomes are a great housing opportunity for young executives and couples. Higgins expects Capitol Station to be sold and closed out by September/October of this year.

West Coast Commercial Real Estate News