Available Contact Broker for Price - Retail – Multi Tenant
Investment Offering & Highlights
- Value-Add Retail Opportunity
The multi-tenant building and vacant pad (the “Building and Pad”) offered with the Park West Place Portfolio present an opportunity for an investor/developer to create value within an already-successful, super-regional drawing shopping destination.
Located at the southern end of the Center, at Trinity Parkway and Consumnes Drive, the Building and Pad are directly proximate to the Pavilions Condominiums, Trinity Urgent Care and the A.G. Spanos office building. Due to these adjacent traffic generators and the Building and Pad’s uncluttered ingress and egress, these properties should be extremely attractive to small retailers eager to exploit the Center’s customer draw.
The Building is currently 100% leased to 4 tenants on short-term leases. The Pad is building ready and available for lease. The in-place gross income of the Building followed by CAM expenses and reimbursements creates a projected Year 1 NOI of $137,732. Upon expiration of short-term leases and recovery of the nation’s economy, we anticipate the stabilized NOI of this component to be substantially higher. Interested parties are invited to determine a residual land value based on their assumptions to arrive at an offering price for this component of the Portfolio.
This property is being offered along with four other neighboring NNN retail properties, Lowe’s, Panda Express, Sonic and AutoZone. The properties can be acquired individually or as a portfolio. Please use the following links to access the neighboring properties:
Lowe’s – $15,120,000
Panda Express – $2,870,000
Sonic – $2,330,000
AutoZone – $1,500,000
Please use the following link to access the full OM: https://www.crexi.com/properties/505314/california-park-west-place—multi-tenant-pad