$7,250,000 USD
415-971-4347
5900-5982 S Land Park Dr
Sacramento, CA 95822
Pocket-Greenhaven
HIGHLIGHTS
- For sale is a grocery shadow-anchored retail center in an established, infill Sacramento neighborhood
- An immediate upside through: (i) converting gross leases to NNN, (ii)executing long-term leases with below market MTM tenants, and (iii) vacant pad
- Four of the tenants are on month-to-month tenancy, with an average in-place rent of $11.82/SF
- The subject property is being offered for below replacement cost at $149.37/SF
- Nine of the current tenants have operated at this center for over 10 years, showing a strong commitment to this retail node
- Within the past three years, the center has undergone common area improvements including fresh exterior paint, parking lot repairs and seal coating
OVERVIEW
Available for sale is a portion of the South Hills Shopping Center, consisting of an inline retail center adjacent to an Asian grocery store which serves the community.
The subject property is situated in the heart of an infill and affluent residential neighborhood, and there is no grocery competition in the immediate area, making South Hills Shopping Center a go-to destination for nearby residents.
The property has average rents of $13.50/psf and has substantial upside and further repositioning opportunities.
FOR SALE DETAILS
PRICE
$7,250,000 USD
PRICE/SF
$159 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
South Hills Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1971
SPRINKLERS
-
PARKING SPACES
300
LAND DETAILS
LAND ACRES
5.36 AC
LAND SF
233,482 SF
ZONING
C-1
APN/PARCEL ID
024-0430-015
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415-971-4347
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415-971-4347
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