Pajaro Hills Shopping Center

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest Pajaro Hills Shopping Center (the “Property” or “Pajaro Hills”), a 94.3% leased neighborhood center located in Watsonville, California.

Ideally situated off the Pacific Coast Highway south of the Bay Area, Pajaro Hills features 56,083 square feet of retail space at the epicenter of the densely populated and highly trafficked retail corridor. The Property is 94.3% leased to a stable roster of restaurants, discount and daily needs tenants, and a high-performing ethnic grocer, providing diverse and secure cash flow with a WALT of 3.5 years and long-standing tenancy of over 12 years. The Property sits within a coveted coastal submarket characterized by its strong demographics and extremely high barriers to entry.

Pajaro Hills Shopping Center offers the rare opportunity to acquire a stable, best-in-class, anchored neighborhood center in a supply constrained and affluent California coast location.