News:
Brokerage
Posted: August 16, 2016
Kunofsky and James of Marcus & Millichap arranges sale of 94,418 s/f Shopko: $13.62 million
Redding, CA Marcus & Millichap has arranged the sale of a 94,418 s/f Shopko. The $13.62 million sales price equates to $144 per s/f.
Glen Kunofsky, along with Mike James, a Marcus & Millichap first vice president investments, represented the seller. Kent Williams, senior vice president, is Marcus & Millichap’s broker of record in California.
“This transaction exemplifies the ongoing demand for big box, net-leased assets that offer sound real estate fundamentals and a strong tenant,” said Kunofsky. “This is the 25th Shopko location our team has closed with the seller and we have additional Shopko properties that are available for sale individually or as a portfolio.”
“This Shopko is well-positioned along a highly active commercial corridor, which sees over 28,000 vehicles per day and provides a consistent flow of customers,” said James.
The property is located at 55 Lake Blvd., less than one-half mile to I-5. Retailers along Lake Boulevard include Walgreens, McDonald’s, Starbucks and Subway. The Shopko is adjacent to Raley’s Supermarket.
Tags:
Brokerage
MORE FROM Brokerage
GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions
Manhattan, NY GFP Real Estate closed three office leasing transactions totaling 9,952 s/f at 322 Eighth Ave. in Chelsea, highlighting continued leasing momentum at the recently repositioned office
Quick Hits
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
.gif)
August Promotion
