Property Details
SOLD: 100% Occupied Retail Center
Colliers International, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire the 100% fee simple interest in 630 TENNESSEE STREET, VALLEJO, CA (the “Property”), a 7,012 square foot retail and office strip center, also known as Victorian Center. The property is currently 100% occupied with a mixture of retail tenants, visible along Tennessee Street, and office tenants, located in the rear of the building. The leases are all month-to-month, with the exception of one smaller office tenant, which leaves a significant upside opportunity for a new operator to fine-tune the leases and bring rents up to current market standards. This is an exceptional opportunity to acquire a true value-add property which is fully-leased and is a 6% Cap rate on existing income in the Bay Area.
- Property TypeRetail
- Submarket
- Year Built1953Renovated 2016
- Total Building Size7,012RSF
- Total Acres0.16
- Property ID1134470