|
|
1/20/25
|
A 32k sf NoCal retail property occupied by Sav-Mor Foods traded for $7.2 mil, or $225/sf.
The property sits on 2.59 acres at 570 Solano St in Corning, roughly 115 miles north of Sacramento. Sav-Mor is near other national retailers and is proximate to Interstate 5 and SR-99. It is also five minutes from Rolling Hills Casino & Resort.
SRS Capital Markets Vice President Alexander Moore and Hanley Investment Group Senior Vice President Lee Csenar represented the seller, a private investor from Redding. The buyer was a Napa Valley, CA-based private investor.
“This property is a top-performing location for the chain run by North State Grocery, Inc, which operates 21 locations in California and Oregon,” said Moore. “Sav-Mor was attractive to the buyer as it has 15 years remaining on its lease with annual increases and also generates additional solar revenue. Overall, this is a stabilized, high-quality investment in a growing Northern California city.”
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
