216-220 Riverside Ave 13,830 SF Retail Building

TRI Commercial/ CORFAC International is pleased to present the multifaceted portfolio sale offering at 216-228 Riverside Avenue in Roseville, CA. The offering consists of five parcels total, three at 216-220 Riverside Avenue and two at 228 Riverside Avenue. 216-220 totals 0.69 acres and offers a 13,830-square-foot retail asset. Building 216 is one story; it was built in 1962 and renovated in 2024, offering a 14-foot ceiling height, 30 parking spaces, and five storefront retail/ office suites. Suites A (617 SF) and D (3,559 SF) are currently occupied by two NN retail tenants until 2027 and 2028 but can become vacant upon COE. Suites B, C, and E total 2,854 square feet and are currently vacant. Building 220 is 6,750 square feet and is also vacant, enabling immense leasing momentum via market rate rent strategies. 228 Riverside Avenue is a 3,702-square-foot storefront retail/ office asset with a 13-foot ceiling height and 12 parking spaces on 0.12 acres of land. It was built in 1955 and renovated in 2023; it is also vacant.

Twenty miles north of Sacramento via I-80, Roseville is a scenic suburb outside the state capital’s metro. The downtown Roseville hub is experiencing significant gentrification via multiple redevelopment projects. These include, but are not limited to, a 69-unit senior affordable housing complex, three expansive mixed-use properties, two 18-unit properties surpassing 40,000 and 65,000 square feet, and a nearly 100,000-square-foot property. A short drive will quickly lead to the beautiful Sierra Nevada foothills, Folsom Lake, California’s Gold Country. Roseville sits within comfortable driving distance of skiing, wine tasting, hiking, rafting, and visiting San Francisco or Lake Tahoe.

Roseville/Rocklin is one of Sacramento’s most affluent submarkets. The area’s high incomes translate into solid buying power and abundant retail inventory. These aspects have helped the area weather the pandemic well with solid fundamentals in a time of uncertainty. Roseville is the region’s primary retail center. With one of the largest malls in northern California, Westfield Galleria at Roseville, there are over 240 stores, including Nordstrom, Apple, Tiffany’s, Gucci, Saint Laurent, Crate & Barrel, and other distinguished brands.