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LIST PRICE:
$8,112,000
CURRENT OCCUPANCY:
93%
TOTAL BUILDING SF:
±77,686 SF
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INVESTMENT HIGHLIGHTS
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High Performing Grocery Anchored Center – 93% leased Safeway-anchored shopping center providing a “daily needs” draw and cross shopping traffic to Silverado Plaza
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Early Renewal – Safeway recently extended its current lease through 2026 and features Nielsen estimated sales of $24.7 million, equating to $412 PSF 1 at this established location
(1) Per Nielsen’s Trade Dimension Report
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Below Market Rents – Existing rents property wide are $8.71 PSF/YR, approximately 20% below market providing opportunity to accrue additional income
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High Credit Tenancy – 81% of the GLA is occupied by national credit tenants Safeway and Wells Fargo
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Improving Returns – Through the lease up of vacant space, embedded rental increases, and below market rents, the Net Operating Income is estimated to grow nearly $186,000 (31%) during the projected hold period
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No Existing Financing/Free and Clear – With no existing financing in place, Silverado Plaza allows an investor to obtain a new loan at historically low rates, enhancing leveraged cash on cash returns
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CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
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FOR MORE
INFORMATION
PLEASE CONTACT:
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THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.
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