1669 W Lacey Blvd - Storefront FOR SALE


Hanford, CA 93230
$29,900,000 USD
559-476-5587
1669 W Lacey Blvd, Hanford, CA for Sale
$29,900,000 USD
Storefront - FOR SALE
1/6
null | 6.86% Cap Rate

1669 W Lacey Blvd
Hanford, CA 93230


HIGHLIGHTS

  • Market-Dominant Retail Hub Serving Residents in Kings, Fresno and Tulare Counties
  • Major Tenants Include JC Penney, Big 5 Sporting Goods & Ross
  • Substantial Near-Term Value Add Potential via the Repositioning of the Former Sears Anchor Building

OVERVIEW

Marcus & Millichap is pleased to exclusively offer the fee simple interest in the Hanford Mall, a regional shopping center located in Hanford, California. The 306,082-square-foot offering includes two separately parceled anchor buildings, over 169,000 square feet of mall corridor shop space and an additional parcel consisting of approximately 1.97 acres of parking space. Major tenants include JC Penney, Big 5 Sporting Goods, Foot Locker and Ross. In addition to serving as the primary retail hub for residents in Kings County, Hanford Mall also draws shoppers from outlying areas of nearby Fresno and Tulare Counties. The retail center is located 15 minutes from Naval Air Station Lemoore (the Navy’s largest master jet base) and just over 30 miles south of the city of Fresno. Thanks to its exceptional location in Central California, the Hanford Mall represents a unique opportunity for an investor to add further value to an already market-dominant asset.

FOR SALE DETAILS

PRICE

$29,900,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

2174

LAND DETAILS

LAND ACRES

27.78 AC

LAND SF

1,210,097 SF

ZONING

Regional Commercial

APN/PARCEL ID

011-060-038-000,011-060-040-000

ASK ABOUT THIS PROPERTY

Christopher AjluniMarcus & Millichap Real Estate Investment ServicesMore Info
559-476-5587

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Christopher AjluniMarcus & Millichap Real Estate Investment ServicesMore Info
559-476-5587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.