3901 Madison Ave , North Highlands, CA 95660
Price | $2,450,000 |
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Units | 13 |
Building Size | 21,585 SF |
Cap Rate | 6.15% |
Total Lot Size | 1.91 Acres |
Year Built | 1988 |
NAI Northern California is pleased to present for sale this value-add shopping center in North Highlands, California. A vacancy of 30% allows an investor to quickly create value through the leasing of vacant retail space. 3901 Madison Avenue is frequented by a copious amount of residents and commuters in the surrounding neighborhoods.
The city of North Highlands, located in Sacramento County, is home to numerous commuters employed by Sacramento's fast-growing economy. Madison Avenue is located less than a mile away from the I-80 corridor, making it a very high-traffic-count roadway. Within a mile radius, national chains such as In-N-Out Burger, Chik-fil-A, Denny's, and Starbucks have been drawn in by the high-density neighborhood. North Highlands has an array of destination attractions including the Aerospace Museum of California, an amusement complex with rides and miniature golf, and the Powerhouse Science Center.
Mike Priolo
Senior Investment Advisor
NAI NorCal
Cell | 408.439.8875 |
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Office | 408.471.5824 |
Fax | 408.471.5824 |
Joshua Ballesteros
Investment Advisor
NAI NorCal
Cell | 209.518.9025 |
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Office | 415.480.0214 |
Fax | 415.226.0360 |
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