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.

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Attributes

Building area gross
22,847 sm
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

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Hilltop Plaza - 2023 (0 Properties)

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Last updated
Oct 17, 2023