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Off Market
1/9

Marshall's
Gilroy, CA 95020


HIGHLIGHTS

  • Marshalls Anchored Multi-Tenant Retail Center - 35,785 SF of GLA
  • Marshalls (78% of GLA) - Current Rent at $7 PSF - Well Below Market
  • Value-Add Opportunity - Bring 78% of the Center to Market Rent
  • Work World - New 5 Year Lease Extension
  • Attractive Price Per SF ($179 PSF) - Offered at Well Below Replacement Cost
  • Directly Adjacent to Lowe’s - Shadow Anchored by Costco

OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase fee simple, a NNN leased 35,785 SF multi-tenant retail investment anchored by Marshalls (78% of GLA) with well below market rent, providing short term upside through bringing rents to market rate. This offering allows investors a rare value-add opportunity in a Class “A” Shopping Center by leasing 3,189 SF of current vacancy (8.9% of GLA) as well bring Marshalls’ rent to market which is currently 40% - 50% below market.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Anchor Tenant- Low Rents- Trophy Power Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

35785

STORIES

1

YEAR BUILT

2002

SPRINKLERS

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PARKING SPACES

330

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

841-18-059