Overview
About This Listing
In 2021, the California & Main Retail Center experienced a fire from an unhoused individual trying to stay warm. Since then, ownership has invested over $1,000,000 in restoration and upgrades, returning the asset to optimal condition and elevating curb appeal and functionality. Additional recent owner work, new A/C units, landscape/tree trimming, and fresh parking lot paint/striping, further improves day-to-day operations and tenant/visitor experience. The final two vacancies have now been leased, so the center is 100% occupied and stabilized. One of the largest suites, originally leased during the COVID period, remains under market, and is the first lease to roll, creating an immediate mark-to-market opportunity for a new owner. Positioned at the hard corner of California St & Main St in Woodland, the property totals 25,626 SF on 1.81 acres, with 82 striped parking spaces and visibility along two key arterials (approx. 15,000 VPD). Originally built in 1962 and renovated in 1995, the center has benefited from ongoing facade, paving, landscaping, and mechanical enhancements. The tenant mix delivers daily-needs convenience (e.g., Subway, Taco Joe’s Cafe, barbershop, dental clinic, children’s activity center, resale retail), supporting durable traffic and income. The asset is offered at $4,750,000, reflecting a 6.5% cap rate, with a 2026 NOI of $310,150 plus annual escalations.
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2161 L Street, Newman, CA 95360
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Source:
Listed by: PMZ Real Estate -
Details
$1,750,000(Negotiable)
6300 Greenback Lane, Citrus Heights, CA 95621
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Source:
Listed by: JPAR Iron Horse Real Estate -
Details
$699,900(Negotiable)
5070 Pony Express Trail, Camino, CA 95709
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Source:
Listed by: Z Group Real Estate -
Details
$125,000(Negotiable)
