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The Rose Garden Shopping Center
700-760 Camino Ramon, Danville, CA 94526
$32,000,000
72,317 SF
$442.50
Shopping Center
Specialty Center
Investment
Multiple
2008
206,328 SF
-
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Last Verified 10/26/2009
Listing ID 16081935
Highlights
Located in one of the nation's wealthiest markets based on income and net worth:Annual median household income of $143K
Extremely strong demographics to support thriving local retail sector
Significant upside through leaseup of remaining available suites
San Francisco Business Times Award Winning Retail Development (2008)
Description
****Available*****
Call listing broker for additional information.
Upon request, live Argus and DD documents available for review.
The Rose Garden Shopping Center is a 72,317-square foot mixed-use lifestyle center located at 700-760 Camino Ramon in Danville, California. Constructed in 2008 the Rose Garden Shopping Center is the premier specialty shopping destination in Danville, serving high-income areas of Blackhawk, Diablo, Alamo, San Ramon and Danville. The Rose Garden is home to fine restaurants, home furnishings, apparel and other upscale specialty retail tenants. Adjacent to the center and also developed by this owner is a new 56 residential unit condominium complex, which is NAP. The Rose Garden Shopping Center presents an excellent opportunity for an investor to acquire an extremely well positioned retail center in a market with substantial barriers to entry and significant upside to be gained through leasing the remaining suite.
Commission-Half of 1.25% of the purchase price.
Danville, located in the San Ramon Valley near Walnut Creek, is an exceptionally well located, upscale residential hub with convenient access to the nearby major employment centers of Concord, Walnut Creek, Pleasanton, San Ramon and Livermore. During the last 20 years, Danville and the surrounding area have experienced significant population increases. Since 2000, the population has increased more than 10 percent to 106,000 and is estimated to increase another 6.15 percent in the next five years. The median household income of nearly $143,000 annually is one of the highest in the nine-county area and is 176 percent higher than the U.S. median. Upper income brackets are increasing at a robust pace, with those earning in excess of $100,000 annually expected to grow nearly 10 percent by 2012 with more than 73 percent of the households falling into this category. The result will be a 12.3 percent jump in the median household income during that period.
Proposed
$18,000,000
6.75%
25
10
Map of 700-760 Camino Ramon, Danville, CA 94526 (Contra Costa County)
Created 1/30/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.