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Westlake Village Shopping Center 3501 Del Paso Rd 17,160 SF 100% Leased Retail Building Sacramento, CA 95835 $10,593,334 CAD ($617.33 CAD/SF) 6.45% Cap Rate

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Investment Highlights

Built in 2007, the property is 100% occupied across nine tenants, offering immediate, stable cash flow with no lease-up risk
92% of the GLA is occupied by tenants that have extended, in process, or signed new leases since 2025
Positioned at a signalized hard corner at Del Paso Road and El Centro Road, with nearly 18,000 vehicles per day passing through the intersection

Over 50% of the GLA is occupied by tenants that have been at the property since 2007 / 2008
Placer.ai ranks the property in the 69th percentile nationwide among strip and convenience centers, based on visitation between July 25 and June 26

Executive Summary

Westlake Village Shopping Center is a 100% occupied, nine-tenant strip center built in 2007 and positioned at the signalized hard corner of Del Paso Road and El Centro Road in the Natomas submarket. The property sits within approximately ½ a mile of Interstate 5, providing direct connectivity to Interstate 80, Downtown Sacramento, and Sacramento International Airport. Sacramento is one of California’s fastest-growing large cities. Within a 5-mile radius of the subject property, population is projected to grow approximately 19% over the next ten years, pointing to sustained rooftop and consumer demand growth across the Natomas submarket.
Walgreens (NAP) anchors the broader Westlake Shopping Center, reinforcing the center’s retail traffic along with Chase, Subway and other daily-needs users.

WestlakeShoppingCenter_SacramentoCA

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

17,160 SF

Building Class

Year Built

2007

Price

$10,593,334 CAD

Price Per SF

$617.33 CAD

Cap Rate

6.45%

NOI

$683,063 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.18

Lot Size

2.20 AC

Major Tenants

Finance and Insurance
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Chase traces its roots to predecessor institutions founded in 1799 and later became Chase Manhattan Bank through a 1955 merger, before joining with J.P. Morgan & Co. in 2000 to form the current banking business. The company serves as the U.S. consumer and commercial banking business of JPMorgan Chase and offers checking and savings accounts, credit cards, home loans, auto financing, and digital banking services. Chase also provides investing and wealth management offerings through J.P. Morgan, alongside commercial banking and corporate and investment banking activities that support households, businesses, and institutional clients.