805-831 Harbor Blvd 22,198 SF 100% Leased Retail Building West Sacramento, CA 95691 $8,816,212 CAD ($397.16 CAD/SF) 6.50% Cap Rate

CBRE is proud to offer the opportunity to acquire Harbor Central, a fully leased high visibility retail complex in West Sacramento, California. This handsome, well-maintained asset sits in the middle of an extraordinary cluster of uniformly successful retail developments and is proximate to Interstates 80 and 5 and U.S. Highways 50 and 99. Abundant residential, commercial and office projects are nearby. West Sacramento offers an affordable live-work-shop-play environment for its residents and visitors alike.
The asset is priced at $6,428,622 which equates to $290 per square foot for 22,198 square feet of improvements and an in-place capitalization rate of 6.96%. All leases are net as to expenses of occupancy. The tenants in this offering represent a dynamic, synergistic mix of national and regional tenants offering food, services and products and represent solely in-line users, the tenants that consistently pay the highest rents per square foot.
The Center enjoys a superb retail location at the southeast quadrant of Harbor Boulevard and West Capitol Avenue. It is immediately east of the intersection of Interstate 80 and U.S. Highway 50. Average Daily Traffic totals 90,100 on Highway 50 and 155,300 on Interstate 80. At the intersection of Harbor Boulevard and West Capitol Avenue the counts are 14,072 and 20,437, respectively.