Historical Retail Sale Listing - Sunrise at Pebble Beach

Retail For Sale

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Sunrise at Pebble Beach

5500 Sunrise Boulevard, Citrus Heights, CA 95610

N/A

15,349 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
15,349 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Investment
Cap Rate:
11.13%
Occupancy:
40%
Tenancy:
Multiple
Year Built:
1987
APN / Parcel ID:
233-0044-01
Listing ID
17903668
Last Updated
over 1 year ago

Highlights

  • Stabilized year two yield of 11.13% at 100% occupancy
  • Occupied by AT&T Wireless and Smashburger. Smashburger recently signed a ten year lease extension starting at $30.00 per square foot annually
  • Positioned in the heart of the Sunrise retail corridor with excellent Sunrise Boulevard visibility and a corner lot location
  • Located less than a quarter mile south of the 1,200,000 SF Sunrise Mall and 338,783 SF Marketplace at Birdcage Regional SC
  • Well maintained, attractive recently remodeled retail center
  • Significant rent growth potential

Description

This is an opportunity to purchase an updated retail center located in one of the most desirable retail submarkets in our area. At 39.78% occupancy, 5500 Sunrise Boulevard provides significant upside through lease up of vacant space.

The property offers a dense surrounding population with strong average household incomes, driving retail demand in the Sunrise Boulevard corridor.

Map of 5500 Sunrise Boulevard, Citrus Heights, CA 95610 (Sacramento County)

Research for 5500 Sunrise Boulevard, Citrus Heights, CA 95610 (Sacramento County)

  • Demographics – Population, income & other demographics near 5500 Sunrise Boulevard
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

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