For Sale: 100% Occupied Retail Center
630 Tennessee Street Vallejo, CA 94590
- 7,012 Square Feet
- For Sale
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.
Building Size: 7012 Square Feet
Area Available: 7,012 Square Feet
RENTABLE SQ. FT.
CURRENT CAP RATE
PROFORMA CAP RATE