{"id":1004261408,"date":"2018-08-31T01:10:57","date_gmt":"2018-08-31T09:10:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004261408"},"modified":"2022-12-08T23:36:48","modified_gmt":"2022-12-09T07:36:48","slug":"sacramento-valley-retail-center-changes-hands-for-18m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sacramento-valley-retail-center-changes-hands-for-18m\/","title":{"rendered":"Sacramento Valley Retail Center Changes Hands for $18M"},"content":{"rendered":"

By Tudor Scolca<\/p>\n

\"Woodland<\/a>

Woodland Crossroads<\/p><\/div>\n

Woodland Crossroads TIC-Engstrom Properties has sold Woodland Crossroads, a 167,000-square-foot retail center in Woodland, Calif. A private capital investment group, affiliated with El Tigre Holdings, acquired the property for $18 million. Cushman & Wakefield represented the seller, while a Keller Williams Realty team acted on behalf of the buyer.<\/p>\n

Woodland Crossroads is on the northwestern corner of Matmor Road and East Main Street, less than a mile away from Interstate 5 and the Vic Fazio Highway. The 1985-built property originally had K-Mart as its anchor tenant. Previous ownership implemented a considerable redevelopment program, transforming the asset into a Grocery Outlet-anchored, mid-sized box promotional center. Other national tenants include Ross, Party City, Harbor Freight and Tractor Supply.<\/p>\n

\u201cWoodland Crossroads was ideally tenanted to thrive in the era of e-commerce<\/a>. The property combines value retailing in Ross and Grocery Outlet with the style of hands-on product merchandising of Harbor Freight and Tractor Supply that cannot be replicated online,<\/em>\u201d said Wald in a prepared statement.<\/p>\n

Nearby big box retailers include Walmart, Costco, Target and Home Depot. Executive Managing Directors Dan Wald and Don LeBuhn of Cushman & Wakefield\u2019s Retail Investment Advisors Group represented the seller in this transaction.<\/p>\n

Image courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The shopping center opened its doors in 1985, anchored by K-Mart. Engstrom Properties renovated the asset and shifted toward a diversified mid-size tenant roster.<\/p>\n","protected":false},"author":1284,"featured_media":1004261411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749,36080,15],"tags":[32799,41831,34791],"class_list":["post-1004261408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","category-sacramento","category-west","tag-cushman-wakefield","tag-dan-wald","tag-keller-williams-realty"],"acf":[],"yoast_head":"\nSacramento Valley Retail Center Changes Hands for $18M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sacramento-valley-retail-center-changes-hands-for-18m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sacramento Valley Retail Center Changes Hands for $18M\" \/>\n<meta property=\"og:description\" content=\"The shopping center opened its doors in 1985, anchored by K-Mart. 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