EDEN SHORES

HAYWARD, CA

$15,000,000

 

Eden Shores - Hayward

AT A GLANCE

  • Rare bay area Costco shadow anchored retail center.

  • Primary retail food, service center serving immediate trade area with only new drive-thru in 1 mile radius.

  • Long-term leases with strong rental growth for investors over the holding period.

CHALLENGES

  • Pre-sale, we markted about 8 months before the tenats opened for business.

  • Very aggressive pricing at sub 5% cap rate.

MARKETING STRATEGY

  • Marketed to Faris Lee's proprietary buyer pool.

  • Showcased the strength of the location and tenant mix.

RESULTS

  • Received many competing offers within days of marketing the property.

  • Ultimately we selected the most competitive offer - all cash, hard money.

  • Buyer was private high net worth individual that lived locally.