Bids Due Wednesday October 2, 2014
* Institutional-Quality Anchored Community Center – Dominant, high performing destination retail shopping center anchored by national credit tenants Nordstrom Rack, Marshalls, Nike, GAP Factory Store, and Skechers, including a collection of top tier food & beverage brands including Starbucks, Pieology, Panda Express, and Five Guys, situated within an established, infill East Bay neighborhood of San Francisco Bay Area.
* High Performing Tenancy – Approximately 165,905 SF (99%) of Marina Square is leased to national or credit tenants which average $635 PSF in sales. The high-performing tenancy ranks Marina Square in the 92% percentile for Community Shopping Centers nationwide and 89% in California per Placer.ai data.
* Strong Historical Occupancy – Secure, established income stream – 17 tenants totaling ±151,280 (91% of the leased GLA) have occupied the property for ±10 years or more including national brands Starbucks, Marshalls, and Nordstrom, demonstrating a recession-resistant asset with high tenant demand.
* Excellent Accessibility – Ideally positioned along Marina Blvd (±44,719 CPD) with excellent frontage and immediate access to Interstate 880 (±243,725 CPD) and only 2 miles from Interstate 580 (±152,996 CPD), fortifying this center within the core of the San Francisco Bay area.
* Target Demographic – Approximately 69% of the population within the 3 and 5-mile radius rings consists of generations Z, Millennial, and X, the most active and affluent consumers in household and family formation years.