SAN JOSE \u2014 A downtown San Jose retail property with a well-known tenant has been bought in a deal that hints at investor interest in robust sections of the city\u2019s sleepy urban core.<\/p>\n
The buyer in the deal paid $3.4 million for a retail building in the downtown district\u2019s<\/a> bustling San Pedro Square, according to documents on file with the Santa Clara County Recorder\u2019s Office.<\/p>\n The just-bought property is at 73 and 75 N. San Pedro St. in San Jose and is occupied by The Old Wagon Saloon & Grill.<\/p>\n \u201cNestled in the heart of San Pedro Square, 75 North San Pedro St. offers an unparalleled opportunity in one of San Jose\u2019s most vibrant and historic districts,\u201d according to a marketing brochure for the property prepared by Chad Leiker, a senior vice president with Kidder Mathews, a commercial real estate firm. Leiker arranged the transaction.<\/p>\n The sellers in the deal included groups headed up by John McEnery IV and the Cucuzza Family Partnership, the county property documents show.<\/p>\n \u201cOne of the main building highlights is the current restaurant, The Old Wagon Saloon Bar & Grill, which has occupied this location for close to 20 years,\u201d according to the Kidder Mathews marketing materials.<\/p>\n The just-bought building totals 3,600 square feet and was built in 1908, the Kidder Mathews brochure states.<\/p>\n Chibode Awuzie is listed as the principal executive of the buying group. Awuzie has had the same addresses in San Jose and Frisco, Texas, as the Awuzie who currently is a defensive back for the Baltimore Ravens NFL team, state business filings show.<\/p>\n Awuzie, who was born in San Jose and attended Oak Grove High School in that city, has also played<\/a> for the Dallas Cowboys, Cincinnati Bengals and Tennessee Titans.<\/p>\n The buying group also obtained a $2 million loan from BAC Community Bank at the time it bought the building, the county real estate records show.<\/p>\n