Price: $1,900,000
Gross Leasable Area: 18,133 SF
Property Type: Retail
Cap Rate: 7.71%
Occupancy: 88%
First time on the Market in over 20 years! Busy 14 Unit Strip Center with only 2 vacancies. Long time Owner is ready to retire! Tenants pay all of their utilities. Owner responsible for Taxes, Insurance and Management only. Well maintained property – Newer roof is 4 years old and HVAC units are in good condition.
Folsom Blvd. is a very busy thoroughfare in Rancho Cordova. Center is at the signalized corner of Folsom Blvd. and Mill Park Drive. There are 3 points of ingress/egress to the parking lot on the property.
For more information, contact:
Don Ellwanger
DRE License 01008217
916-456-8389