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Safeway Leases Retail Space In Market Park Shopping Center, San Jose

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LEASED

California

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Retail65,000 SF
Leased 08/02/2018
the dealdetailscomps
Property Image
LEASED

Safeway Leases Retail Space In Market Park Shopping Center, San Jose

888 East Los Angeles Avenue, Moorpark, CA 93021

See Similar Deals
Retail65,000 SF
Leased 08/02/2018
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Retail
Total Square Footage:65,000 SF
Transaction Type:Lease

The Market Park Shopping Center located in San Jose has recently been leased. The 65,000-square-foot retail space was leased by Safeway at an asking rent of $72 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 08/02/2018
  • Address: Market Park Shopping Center, San Jose
  • Tenant: Safeway
  • Landlord: SJ Mercado Properties
  • Tenant's Representative: SRS Real Estate Partners
  • Landlord's Representative: Borelli Investment Company

The Market Park Shopping Center is part of the SJ Mercado Properties' 100,000-square-foot retail center. This retail center is located in Market Park, which is a $3 billion, 120-acre development in San Jose. The development includes 4,000 residential homes that are either built or currently under construction, according to the Market Park's website.

Details

LEASED
IMAGE: Robert Edwards and Patrick Mercado DATE: 08/02/2018 ADRESS: Market Park Shopping Center CITY: San Jose ASSET TYPE: Retail TENANT: Safeway LANDLORD: SJ Mercado Properties TENANT'S REPRESENTATIVE: SRS Real Estate Partners LANDLORD'S REPRESENTATIVE: Borelli Investment Company ASKING RENT: $72 SF: 65,000 NOTE: The SJ Mercado Properties‘ 100,000-square-foot retail center will be in Market Park, a $3 billion, 120 acre-development in San Jose with 4,000 residential homes either built or currently under construction, according to Market Park’s website.

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$3,725,760.78

Total Lease Value

$37,257,607.76

Net Landlord Cash Flow$3,725,760.78