Currier Square

LUCESCU REALTY sells grocery anchored neighborhood center in Northern California

  • LUCESCU REALTY exclusively represented the interest of the Seller and procured the Buyer.
  • An Approximate 131,017 Square Foot, Grocery-Anchored, Community Shopping Center Anchored by a High Grossing Raley’s Grocery, Marshalls and Petco.
  • Dominant Grocery Anchor; Raley’s has been operating their store within the subject property since 1989, and just recently extended their lease term by ten (10) years.
  • 88.5% leased; 96.14% of the leased GLA is occupied by National and Regional tenants that account for 93.47% of the Total Annual Base and NNN Rent.
  • Add Value Opportunity. There is an immediate opportunity to add value through leasing, management and development expertise. NOI is anticipated to increase 63.5% during the next 10 years.
  • Highly Visible and Easily Accessible. Located at the intersection of Myers Street (5,897 VPD) and Oro Dam Boulevard (30,500 VPD).