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The Ratkovich Company Expands Leases At The Shops At The Alhambra To 88% With New Tenants Including Labcorp, Johnny Rockets-Hurricane Grill, And Burnt Belly

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LEASED

California

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Retail5,640 SF
Leased 08/23/2023
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LEASED

The Ratkovich Company Expands Leases At The Shops At The Alhambra To 88% With New Tenants Including Labcorp, Johnny Rockets-Hurricane Grill, And Burnt Belly

1129 South Fremont Avenue Alhambra, California 91803, USA

See Similar Deals
Retail5,640 SF
Leased 08/23/2023

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:5,640 SF
Transaction Type:Lease

The Ratkovich Company has expanded leases at The Shops at The Alhambra, a retail center located at 1129 South Fremont Avenue in Alhambra. The property, spanning 5,640 square feet, has reached 88% occupancy with the addition of new tenants including Labcorp, Johnny Rockets-Hurricane Grill, and Burnt Belly. The retail center is owned by The Ratkovich Company and managed by GE Property Management, Inc.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 1129 South Fremont Avenue, Alhambra
  • Market: Alhambra
  • Square Footage: 5,640
  • Landlord: The Ratkovich Company
  • Tenant: Labcorp, Johnny Rockets-Hurricane Grill, Burnt Belly
  • Broker: GE Property Management, Inc

Through lease expansions, The Ratkovich Company has successfully increased occupancy at The Shops at The Alhambra to 88%. This growth has been facilitated by the addition of Labcorp, Johnny Rockets-Hurricane Grill, and Burnt Belly as new tenants, contributing to the enhancement of the Alhambra retail center.

Details

LEASED
IMAGE: 08/23/2023 ADDRESS: 1129 South Fremont Avenue MARKET: Alhambra ASSET TYPE: Retail ~ SF: 5,640 LANDLORD: The Ratkovich Company TENANT: Labcorp, Johnny Rockets-Hurricane Grill & Burnt Belly BROKER: GE Property Management, Inc NOTE: The Ratkovich Company has expanded leases at The Shops at The Alhambra to 88%, with new tenants including Labcorp, Johnny Rockets-Hurricane Grill, and Burnt Belly, enhancing the Alhambra retail center.

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Deal Type
Effective Rent (Annual)

$323,281.40

Total Lease Value

$3,232,813.97

Net Landlord Cash Flow$323,281.40