Approximately 25,538 SF mixed use strip center consisting of 20,456 SF of retail and 5,082 SF of 2nd floor office space.
This property was purchased in 2017 for $2.8MM on modified gross leases with the majority of lease agreements expired.
Located on the hard corner of Fulton Rd and W. Third St with close proximity to Hwy 12 and Hwy 101.
SVN | True Real Estate Partner’s was employed to negotiate lease renewals for 95% of the shopping center, strategically implementing Triple Net lease agreements that increased base rents to market and worked towards full reimbursement over the following five year period.
Increased property value by more than 250% through aggressive lease negotiations.
Secured financing quotes for a value of more than $7.5mm
SVN | True Real Estate Partners added value to the retail asset by securing long-term, favorable lease agreements that directly increased the rental income and operating expense reimbursements, and therefore, delivered the highest property value.
SVN | True Real Estate Partners retained many existing tenants through creative deal structuring.
SVN | True Real Estate Partners sourced high-quality, creditworthy tenants to further bolster the rent roll.