1234 Howe Avenue, Sacramento, CA, 95825, US

Sac Central

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Sacramento Center Shopping Center (the “Property” or “Sac Central”), a high-performing neighborhood center located in Sacramento, California.

Ideally situated in an affluent Sacramento submarket, Sac Central features 129,761 square feet of retail space along the heavily trafficked Howe Avenue and Hurley Way (50,000+ VPD). The Property is 79% leased to a diverse mix of national tenants including Ross Dress for Less, Marshalls, Rainbow, Dutch Bros Coffee, and El Pollo Loco among others, providing stable cash flow with numerous opportunities to reposition suites and increase NOI. With its low land basis and infill location in a growing region, the Property has embedded long term value that a new owner has the potential to unlock.

Sac Central represents an unique opportunity to acquire an established neighborhood center with immediate upside.

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Attributes

Building area net

129,761 sf

Land area gross

9.98 acres

Number of buildings

Parking spaces

672

Occupancy

78.9%

Media

Investment Highlights

High performing center featuring a robust lineup of national tenants
Immediate opportunities to significantly increase NOI & add value through lease-up and mark-to-market of in-place rents
Infill location with extensive frontage on active thoroughfares
Attractive basis significantly below the cost of replacement
Long-term covered land play with favorable zoning
Affluent submarket with growing population and exceptional consumer spending data