14635-14715 Mono Way - Storefront FOR SALE


Sonora, CA 95370
$5,770,000 USD
916-716-9201
14635-14715 Mono Way, Sonora, CA for Sale
$5,770,000 USD
Storefront - FOR SALE
1/1
null | 8.5% Cap Rate

14635-14715 Mono Way
Sonora, CA 95370


HIGHLIGHTS

  • Ideally located near SR 108, Mono Village Shopping Center is a well-established retail hub in East Sonora with high visibility and traffic
  • The Property offers a variety of retail spaces, ranging from less than 500 to over 10,000 square feet, catering to both small and large businesses

OVERVIEW

CUSHMAN & WAKEFIELD, as exclusive agent, is excited to present to the investment community the opportunity to acquire Mono Village Shopping Center, a 92.4% leased, 60,104 SF multi-tenant retail strip center (the “Property”) in the foothills of Sonora, CA. The Property is centrally located in the retail trade area and offers considerable frontage on high-traffic Mono Way. Built in 1985, the offering is now priced significantly below replacement cost at an 8.1% cap rate or $5,950,000, which is only $99/SF. The Property was acquired by current Ownership in mid-2022, and recent revitalizations have successfully attracted eight new tenants in the past few years (representing more than 37% of the total square footage), as outlined below. Mono Village is now a stable, cash-flowing opportunity with major mark-to-market upside.

FOR SALE DETAILS

PRICE

$5,770,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,488 SF

ZONING

-

APN/PARCEL ID

061-120-031-000

ASK ABOUT THIS PROPERTY

Rick RyanCushman & WakefieldMore Info
916-716-9201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Rick RyanCushman & WakefieldMore Info
916-716-9201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.