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1669 W Lacey Blvd 306,082 SF 100% Leased Retail Building Hanford, CA 93230 $41,363,359 CAD ($135.14 CAD/SF) 6.86% Cap Rate



INVESTMENT HIGHLIGHTS
- Market-Dominant Retail Hub Serving Residents in Kings, Fresno and Tulare Counties
- Substantial Near-Term Value Add Potential via the Repositioning of the Former Sears Anchor Building
- Major Tenants Include JC Penney, Big 5 Sporting Goods & Ross
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer the fee simple interest in the Hanford Mall, a regional shopping center located in Hanford, California. The 306,082-square-foot offering includes two separately parceled anchor buildings, over 169,000 square feet of mall corridor shop space and an additional parcel consisting of approximately 1.97 acres of parking space. Major tenants include JC Penney, Big 5 Sporting Goods, Foot Locker and Ross. In addition to serving as the primary retail hub for residents in Kings County, Hanford Mall also draws shoppers from outlying areas of nearby Fresno and Tulare Counties. The retail center is located 15 minutes from Naval Air Station Lemoore (the Navy’s largest master jet base) and just over 30 miles south of the city of Fresno. Thanks to its exceptional location in Central California, the Hanford Mall represents a unique opportunity for an investor to add further value to an already market-dominant asset.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
306,082 SF
Building Class
B
Year Built/Renovated
1993/1999
Price
$41,363,359 CAD
Price Per SF
$135.14 CAD
Cap Rate
6.86%
NOI
$2,836,132 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.25
Lot Size
27.78 AC
Zoning
Regional Commercial
Parking
2,174 Spaces (7.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Food Court
- Kiosk/Cart Space
- Enclosed Mall
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $18,852,501 CAD | |
| Land Assessment | $9,837,097 CAD | Total Assessment | $28,689,598 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,837,097 CAD
Improvements Assessment
$18,852,501 CAD
Total Assessment
$28,689,598 CAD
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1669 W Lacey Blvd
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