Property Type: Retail
Address: 510-546 Auburn Ravine Road, Auburn, CA 95603
Price: $3,210,000
Pro Forma Cap Rate: 8.56%
Current Cap Rate: 6.59%
Building SF: 19,550 SF
• Fully stabilized neighborhood strip center
• 100% Leased
• Small shop spaces with significant upside in rents
• Long term Tenant base
• Auburn is a strong sub-market with good consumer spending
Prospector’s Plaza consists of a 19,550 square foot neighborhood retail strip center located in Auburn, CA. The property is made up of thirteen small shop spaces with average rents of less than $.89 per square foot which is significantly below the market average for rents in the Auburn Sub-market. The property is located directly off of interstate 80 and highway 49 in a high traffic commercial corridor which serves the broader Auburn community.