3220 Broadway St - Retail FOR SALE


Eureka, CA 95501
$10,656,000 USD
415-971-4347
3220 Broadway St, Eureka, CA for Sale
$10,656,000 USD
Retail - FOR SALE
1/9
null | 7% Cap Rate

3220 Broadway St
Eureka, CA 95501


HIGHLIGHTS

  • A Northern California shopping center that features a main building with in-line shops, and two pads that are separately parceled
  • Victoria Place Shopping Center is currently 97.91% occupied, with tenants including Big 5 Sporting Goods, Carl’s Jr., Social Security Administration
  • Several tenants are on Gross Leases, giving an investor the opportunity to unlock additional income by converting to NNN or executing new leases
  • Big 5 has operated at the center for over 36 years and recently exercised one of its options
  • The property has undergone major common area enhancements, including roof, siding, lighting, and parking repairs
  • Located on U.S. 101, the primary north-south arterial in Eureka, benefits from excellent street visibility and multiple points of ingress and egress

OVERVIEW

The subject property is a stabilized retail shopping center located adjacent to a regional mall, along US 101 with strong visibility. Victoria Place features an array of regional and national retailers, including Big 5 and Carl’s Jr.

FOR SALE DETAILS

PRICE

$10,656,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victoria Place

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

159

LAND DETAILS

LAND ACRES

3.59 AC

LAND SF

156,380 SF

ZONING

NR,CS

APN/PARCEL ID

007-101-012-000

ASK ABOUT THIS PROPERTY

Chris KostaneckiCP Partners CREMore Info
415-971-4347

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Chris KostaneckiCP Partners CREMore Info
415-971-4347

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