7,939 SF
$3,640,000
$3,640,000
Plaza 56
For Sale
Plaza 56
5535-5539 H Street - Sacramento, CA
Property Type
Retail
Property Size
7,939 SF
Price
$3,640,000
Featured Overview
As the exclusive agent, Gallelli Real Estate is pleased to present this for sale offering of the 7,939 square foot retail center located at 5535-5539 H Street, Sacramento, CA (the “Property” or “Plaza 56”).
• Value add center at 83.35% occupancy with current rents below market
• In-place Cap Rate of 5.00% at current occupancy
• Excellent visibility along 56th Street and H Street, which is one of the highest traffic counts in East Sacramento
• Quality 2005 constructed retail property occupied by five tenants including Starbucks
• Strong location within the prominent East Sacramento neighborhood where average household income is $136,492
• East Sacramento is one of the most desirable commercial and residential submarkets in the Sacramento region
• Very few quality newly constructed retail projects in East Sacramento
• Centrally located near Downtown, Midtown, Sacramento State University, McKinley Park, East Portal Park and all major freeways
• East Sacramento has substantial barriers to entry for new construction
• Offered well below replacement cost
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For Sale
Plaza 56
Sacramento, CA
Talk to Our Team
Gary Gallelli, Jr.
CEO | Partner
Gary is a second generation real estate professional with over 31 years of commercial real estate experience. He began his brokerage career with Grubb & Ellis in 1992 and within his second year, was named Overall Top Producer.
Aman Bains
Associate Vice President
Aman joined Gallelli Real Estate after spending close to 15 years in community banking in the greater Sacramento market focusing on commercial real estate and agribusiness. His primary drivers throughout his career have been to build lifelong relationships by delivering excellent customer service and being a trusted subject matter expert in his field.
Adam Rainey
Associate Vice President
Adam was born and raised in the Sacramento area and now lives locally in Rocklin, CA. For the past decade, he has been in the construction industry and has worked mainly in the heating and air trade.
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