|
|
6/30/25
|
Brixton Capital has acquired four parcels within Elk Grove Village, a neighborhood shopping center in the city of Elk Grove, for $10.6 mil. The center is located at 8511-8591 Elk Grove Blvd, roughly 15 miles south of Sacramento.
Elk Grove Village is fully leased. Tenants include Arby’s, Macque’s BBQ, Plaza del Sol restaurant and Papa Murphy’s Pizza.
“This affluent, populous and growing community is very close to the major employment center of the California State Capital,” said Brixton Capital’s President and Chief Investment Officer Rob Taylor. “We believe Elk Grove’s prospects for supporting robust retail activity are very strong.”
According to CBRE, the retail sector in the Laguna/Elk Grove submarket of Sacramento had a low vacancy rate of 4.2% in the first quarter of 2025 and a similarly low availability rate of 5.6%. The CBRE report also states: “Moving forward, the Sacramento retail market is likely to see continued demand for space in suburban growth areas like Elk Grove, Natomas, Folsom and Roseville, where there is a growing number of residential developments triggering demand for retail.”
“In addition to these popular restaurants, Elk Grove Village offers great amenities that are easy to access right off of the main corridors of Highway 99 and Elk Grove Boulevard,” said Brixton Capital’s Founder and Chairman Marc Brutten. “We think it’s going to be a coveted retail location for many years to come.”
Over the next five years, Brixton will make improvements to the center, which was built between 1984 and 1988. The most immediate upgrades will likely include new doors, a new roof and repairs and renovations to the parking lot.
The parcels were sold by Elk Grove Village LLC (Mima Capital LLC), headquartered in Granite Bay, CA. The seller was represented in the transaction by Randy Getz of CBRE, while Brixton Capital represented itself.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
