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The Boatyard Center 101-189 Boatyard Dr 103,200 SF 100% Leased Retail Building Fort Bragg, CA 95437 $18,500,000 ($179.26/SF) 7.24% Cap Rate

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EXECUTIVE SUMMARY

A DOMINANT NORTHERN CALIFORNIA COAST NEIGHBORHOOD SHOPPING CENTER OFFERED FOR THE FIRST TIME BY THE ORIGINAL DEVELOPER AND RETIRING PARTNERSHIP. DEVELOPED IN TWO PHASES IN THE 1980'STOTALLING 102,000+- RSF AT THE HIGHLY VISIBLE INTERSECTION OF GATEWAY HIGHWAYS 1 AND 20 IN FORT BRAGG, CALIFORNIA. ANCHORED BY THE HARVEST MARKET, AN ESTABLISHED AND VERY POPULAR MARKET FOR A VARIETY OF UPSCALE GROCERIES AND PRODUCT. OTHER KEY TENANTS INCLUDE O'REILLY'S AUTO, DOLLAR TREE, VERIZON, US CELLULAR, DAVID'S RESTAURANT, MENDOCINO HEALTH, EDWARD JONES, SUBWAY SANDWICHES, REDWOOD COAST DEVELOPMENT, AND TESLA, WITH 12 SUPERCHARGING STATIONS, THE LARGEST ALONG THE NORTHERN COAST. A POPULAR, ESTABLISHED, HIGH OCCUPANCY, & UPSCALE SHOPPING CENTER.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
103,200 SF
Building Class
B
Year Built
1986
Price
$18,500,000
Price Per SF
$179.26
Cap Rate
7.24%
NOI
$1,339,657
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
8.28 AC
Zoning
CG - Community Commercial
Frontage
1,102’ on HIGHWAYS 1 AND 20

AMENITIES

  • Banking
  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Security System
  • Signalized Intersection
  • Wheelchair Accessible
  • Accent Lighting
  • Car Charging Station
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

NEARBY MAJOR RETAILERS

IGA
Safeway
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
018-160-39-00
Land Assessment
$598,047
Improvements Assessment
$6,896,524
Total Assessment
$7,494,571
  • Listing ID: 32084229

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 101-189 Boatyard Dr, Fort Bragg, CA 95437

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