Hilltop Plaza - 2023_Property for Sale
Hilltop Plaza - 2023_Property for Sale
3401 Klose Way, Richmond, CA, 94806-5726, US

Hilltop Plaza - 2023

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Hilltop Plaza (the “Property”), a rare institutional-quality value-add community center in Richmond, California.


Comprising 245,921 square feet of rentable area and over 59 acres of usable land, the Property represents a rare opportunity to acquire large-format retail in the Bay Area. Hilltop Plaza is 89% leased to national & credit tenants including Ross Dress for Less, City Sports Club, dd’s Discounts, and Century Theatres, as well as an assemblage of QSR, daily needs, and service tenants. The long-term average tenant occupancy of over 18 years provides dependable cash flow from numerous first-generation tenants. Hilltop Plaza’s optimal location along the highly trafficked Interstate 80, and robust surrounding demographics combine to generate strong tenant performance and a thriving retail center.


Hilltop Plaza offers an exceptionally secure income-generating center with unique opportunities to add long-term value in a strategically significant Bay Area location.

...

Attributes

Building area gross
22,847 m²
Occupancy
89%
Year built
1996

Media

Investment Highlights

  • Rare institutional-quality community center with significant value-add opportunities
  • High performing national & credit tenancy with 7 years of WALT remaining
  • Ideally positioned along Interstate 80 with over 2,500 feet of frontage and visibility to over 190,000 vehicles per day
  • Exceptional visitor foot traffic and regionally-drawing trade area
  • Highly attractive land basis and ability to control large infill footprint
  • Poised to benefit from adjacent development as surrounding densification and daytime population increase

Contact brokers

Hilltop Plaza - 2023 (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
17 May 2024