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14635-14685 Mono Way 58,670 SF 100% Leased Retail Building Sonora, CA 95370 $8,054,459 CAD ($137.28 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Ideally located near SR 108, Mono Village Shopping Center is a well-established retail hub in East Sonora with high visibility and traffic
- The Property offers a variety of retail spaces, ranging from less than 500 to over 10,000 square feet, catering to both small and large businesses
EXECUTIVE SUMMARY
CUSHMAN & WAKEFIELD, as exclusive agent, is excited to present to the investment community the opportunity to acquire Mono Village Shopping Center, a 92.4% leased, 60,104 SF multi-tenant retail strip center (the “Property”) in the foothills of Sonora, CA. The Property is centrally located in the retail trade area and offers considerable frontage on high-traffic Mono Way. Built in 1985, the offering is now priced significantly below replacement cost at an 8.1% cap rate or $5,950,000, which is only $99/SF. The Property was acquired by current Ownership in mid-2022, and recent revitalizations have successfully attracted eight new tenants in the past few years (representing more than 37% of the total square footage), as outlined below. Mono Village is now a stable, cash-flowing opportunity with major mark-to-market upside.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
58,670 SF
Building Class
C
Year Built
1985
Price
$8,054,459 CAD
Price Per SF
$137.28 CAD
Cap Rate
8.50%
NOI
$684,629 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.50 AC
Zoning
C-1:MX
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 061-120-031-000 | Improvements Assessment | $1,862,102 CAD |
| Land Assessment | $707,597 CAD | Total Assessment | $2,569,699 CAD |
PROPERTY TAXES
Parcel Number
061-120-031-000
Land Assessment
$707,597 CAD
Improvements Assessment
$1,862,102 CAD
Total Assessment
$2,569,699 CAD
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14635-14685 Mono Way
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