Representative Properties

Waterman Grove

9304 Elk Grove Boulevard
Elk Grove, California
watermangroveplaza.com

Purchased:

March 2009

Price:

$13,775,000 ($310.74 per square foot)

Size:

44,330 square feet.

Five separate, single story buildings totaling 44,330 square feet.

Completed in 2006.

Prime intersection of Elk Grove Boulevard and Waterman Road.

Assumption of existing financing of $12.15 million with a fixed interest rate of 5.71%.

The premier neighborhood shopping center in its submarket.

Status – Long-term hold for current cash flow and capital appreciation.

Gallery: Click images to view.