Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing a three-property retail portfolio for sale throughout California’s Central Valley. The portfolio provides an opportunity to control more than 226,000 square feet of grocery-anchored shopping centers with strong sales growth located throughout Central California. The properties are being offered individually or as a portfolio.
The portfolio comprises the 73,199-square-foot Colony Plaza in Ripon at 1140 West Colony Road; Rancho Viejo Shopping Center, a 72,347-square-foot center at 5203 West Walnut Avenue in Visalia; and the 80,640-square-foot Save Mart Center in Lathrop at 15010 Harlan Road. All properties are anchored by Save Mart Supermarkets, the Central Valley’s dominant grocery store chain with more than 210 stores and sales of approximately $4.5 billion. The company was founded in 1952 and is ranked as one of America’s largest private companies by Forbes.
The portfolio has been meticulously maintained by institutional ownership significantly reducing the need for future capital expenditures. Additionally, it is being delivered free and clear of existing financing, providing the opportunity to take advantage of the historically low interest rate environment and enhanced leveraged returns.
The retail portfolio for sale offers the opportunity to control three grocery-anchored shopping centers across California, providing geographic and property level diversification for less than the cost of a single shopping center in Coastal California. For more information on these retail properties for sale or other commercial properties for sale in and around Southern and Central California, please contact Gleb Lvovich, Bryan Ley, Eric Kathrein, or Mark DeGiorgio. For information on financing this acquisition, please contact Peter Smyslowski. To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker Licensed with the California Department of Real Estate, License Number 01385740.
Photos: Todd Quam, Digital Sky Aerial Imaging