FREESTANDING RETAIL 3333 ARDEN WAY · SA …...3333 Arden appeals to both Investor and Owner/User...

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3333 ARDEN WAY · SACRAMENTO · CALIFORNIA OFFERING MEMORANDUM PRESENTED BY: Gretchen Tobin | [email protected] | (916) 459-4378 | CA BRE #00937965 Keith Mellor | [email protected] | (916) 330-4499 | CA BRE #10268501 Tyler Sheldon | [email protected] | (415) 723-4709 | CA BRE #01200193 4980 Hillsdale Circle, Suite A El Dorado Hills, CA 95762 www.proequityam.com CORPORATE ADDRESS: FREESTANDING RETAIL FOR SALE

Transcript of FREESTANDING RETAIL 3333 ARDEN WAY · SA …...3333 Arden appeals to both Investor and Owner/User...

Page 1: FREESTANDING RETAIL 3333 ARDEN WAY · SA …...3333 Arden appeals to both Investor and Owner/User uyers. Owner / Users • The relatively small size of the retail center P5,624 sf

3333 ARDEN WAY · SACRAMENTO · CALIFORNIA

OFFERING MEMORANDUM

PRESENTED BY:

Gretchen Tobin | [email protected] | (916) 459-4378 | CA BRE #00937965

Keith Mellor | [email protected] | (916) 330-4499 | CA BRE #10268501

Tyler Sheldon | [email protected] | (415) 723-4709 | CA BRE #01200193

4980 Hillsdale Circle, Suite A

El Dorado Hills, CA 95762

www.proequityam.com

CORPORATE ADDRESS:

FREESTANDING RETAIL FOR SALE

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EXECUTIVE SUMMARY

3333 Arden appeals to both Investor and Owner/User Buyers.

Owner / Users

• The relatively small size of the retail center (5,624 sf) along with the small, vacant warm shell suite (1,224 sf) provides an attractive opportunity for an owner / user to acquire the asset.

• An owner / user can underwrite market rent for the sole vacant suite and gain the tax base advantage of owning versus leasing with associated long-term appreciation in their principal investment.

Investors

• For investors, the Arden Way submarket is considered a key corridor for value -add retail investors. Given its stable and dense demographics including an even cross-section of income types, this is appealing to national retailers making an entry into the market.

• Over a 10-year period, the pro forma value range is forecasted to be above $3M / $525 psf.

• The current investment market for stabilized retail properties continues

to see strong activity with lenders and investors providing debt and

equity on purchases in secondary marketplaces in California.

Offering Price $2,360,000

Price Per Square Foot $420

NOI $153,459

Cap Rate 6.50%

Total Building Area 5,624 SF

INVESTMENT HIGHLIGHTS

• Upside rent potential

• Excellent traffic counts

• Surrounded by densely populated residential areas with a variety of income levels

• Nearby employers include Kaiser, Fulton Auto Mall and numerous offices and retailers

• Situated along Arden Way, one of Sacramento’s most heavily trafficked retail corridors and the east-west arterial through the central area

• Major retailers within close proximity to the subject property include Safeway, CVS, Dollar Tree, McDonald’s, Jack in the Box, PetSmart, Rite Aid, Smart & Final, Joann Fabric, BevMo and Starbucks

• Excellent visibility at signalized intersection with large corner monument

• Easily accessible from Highway 50, Capital City Freeway and I-80

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PROPERTY DESCRIPTION

Property: 3333 Arden Way Sacramento, CA 95825

APN(s): 279-0252-011 RBA: 5,624 SF

Year Built: 2008 Parking: Ratio of 6.27/1,000 SF

Parcel Area: .51 Acres Signage: One Monument Sign

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AREA OVERVIEW

Sacramento is the capital city of California and the seat of Sacramento County. It is at the confluence of the Sacramento River and the American River in the

northern portion of California's expansive Central Valley, known as the Sacramento Valley. Sacramento is the cultural and economic core of the Sacramento

metropolitan area, which includes seven counties. Its metropolitan area is the fourth largest in California after the Greater Los Angeles area, the San Francisco

Bay Area, and the San Diego metropolitan area, and is the 27th largest in the United States.

Proximate to many areas of the City of Sacramento, and within a central location to many of the northeastern suburbs of Sacramento, Arden-Arcade is a major

shopping area for the greater Sacramento area and one of the main commercial areas for the northeastern suburbs of Greater Sacramento.

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AREA OVERVIEW


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Arden Brochure - Arden Homes in Palm Beach | New ...

Arden Brochure - Arden Homes in Palm Beach | New ...

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