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971 Gray Avenue, Yuba City, CA

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971 Gray Avenue

Yuba City, CA 95991-3674 - Outer Sutter County Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2006
Building Size:16,000 SF Land Area:1.24 AC (54,014 SF)
For Sale Price:$4,200,000 Price/SF:$262.50
Cap Rate:7.07 %

Sale Notes:
Palisade Plaza is an attractive single story multi-tenant strip center
that is located in the major retail corridor of Yuba City. The ±16,000
square foot center was built in 2006 with a very unique design. Sitting
perpendicular to the street, the front has rounded corners, with each
corner topped with a distinctive dome.

The center is presently occupied by five tenants and has one small
vacancy. Several of the tenants have been there since the center
opened, one of which, the Armed Forces Career Center, just renewed
for another five year term.

The center is located on Gray Avenue, just off Colusa Avenue
(Highway 20), a commercial boulevard that connects Yuba City and
Marysville. The Yuba Sutter Mall is located at the NWC of Colusa and
Gray Avenues. Major retailers in the area include Target, Food Maxx,
JC Penny, Forever 21, PetSmart and Rite Aid.

Kidder Mathews
Robert Pechal
(916) 751-3634

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