2475 Elk Grove Blvd
Elk Grove, CA 95758

The subject property is a 9,710-square foot multi-tenant retail property situated on 1.13 acres of commercial land located in Elk Grove, California. More specifically, the property is located on the northwestern corner of Elk Grove Boulevard and Harbour Point Drive in the Harbour Palms retail center. The property is currently 100 percent occupied by five tenants all of which are on absolute triple-net leases. Harbour Palms retail center is comprised of two multi-tenant retail buildings (only one property is offered for sale) referred to as Phase I and Phase II. The subject property (Phase I) is the larger of the two properties with a combined square footage of 17,870. Developed in 2006, the properties are well-maintained with excellent signage and visibility from Elk Grove Boulevard. The offering allows an investor the opportunity to purchase an absolute triple-net retail property with a strong tenant base on a highly visible signalized corner. The list price for Harbour Palms is $4,390,090 at a 6.28% cap rate. The property can be purchase separately or in conjunction with 2745 Elk Grove Boulevard offered at $7,779,000 (Combined Purchase Price $12,169,090).