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Shasta Gateway 1699-1981 State Highway 273 164,905 SF 100% Leased Retail Building Anderson, CA 96007 $23,032,681 CAD ($139.67 CAD/SF) 5.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity with Grocery Anchor
- Walmart-Shadowed with Interstate-5 Visibility
- Limited Competition and Unique Leasing Potential
- Prime Development Opportunity
- Recession-Resilient Anchor Tenants with Sales Reporting
- Located in Anderson: A City with Major Regional Pull
EXECUTIVE SUMMARY
Shasta Gateway is a value-add, grocery-anchored shopping center along Interstate-5 in Northern California. Across the street from high quality, national retailers such as Walmart, Panda Express, Starbucks, Dutch Bros, Sonic, and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
164,905 SF
Building Class
B
Year Built
1990
Price
$23,032,681 CAD
Price Per SF
$139.67 CAD
Cap Rate
5.80%
NOI
$1,335,895 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
18.97 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 202-500-046-000 | Improvements Assessment | $11,886,847 CAD |
| Land Assessment | $5,830,113 CAD | Total Assessment | $17,716,959 CAD |
PROPERTY TAXES
Parcel Number
202-500-046-000
Land Assessment
$5,830,113 CAD
Improvements Assessment
$11,886,847 CAD
Total Assessment
$17,716,959 CAD
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Shasta Gateway | 1699-1981 State Highway 273
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