Clovis Commons

Lucescu Realty Sells 326,000 Square Foot, Target Anchored, Center in California, on Behalf of Brixmor Property Group

  • LUCESCU REALTY exclusively represented the interest of the Seller, Brixmor Property Group, and procured the Buyer.
  • An Approximate 326,608 Square Foot, Open-Air, Community Shopping Center Anchored by Target (NAP), Best Buy, T.J. Maxx, PetSmart, Office Depot and Dollar Tree.
  • 97.2% leased; More than 92% regional and national chain tenants in the total Gross Leasable Area that account for 88.36% of the Total Annual Base and NNN Rent.
  • All Cash Offering.
  • Favorable trade area. Within a 3 mile radius the Estimated Population is 131,121 and the Average Household Income within a 1-mile radius is $92,781.
  • Generated fourteen (14), written offers to purchase.