For Sale | A College Town, Grocery-Anchored Neighborhood Shopping Center | Marina Village Shopping Center, Marina, CA

Mahoney and Associates, as exclusive advisor, is excited to present to the market the opportunity to acquire the Marina Village Shopping Center (“Marina Village” or the “Property”). Marina Village is a 97% leased, grocery-anchored, college community, neighborhood shopping center located in the heart of old town Marina at the NE corner of Reservation Road and Del Monte Blvd in Marina, California.

The Property includes four national tenants: Grocery Outlet, Dollar Tree, Wells Fargo, and a Jack in the Box drive-thru. With the current average tenancy at the Property being 14 years, Wells Fargo has been a Tenant at the Property since 1967, Grocery Outlet since 1989, Jack in the Box since 1999, and Dollar Tree since 2009. Jack in the Box owns its improvements and pays ground rent, further enhancing the quality and security of Marina Village’s income stream.

In order to receive additional investment offering materials, please execute and send Confidentiality Agreement to [email protected]

 

INVESTMENT HIGHLIGHTS

  • 97% leased grocery and daily needs college community shopping center anchored by Grocery Outlet and Dollar Tree
  • Recently renewing their lease, Wells Fargo has been a tenant since 1967
  • Jack in the Box pays ground rent, thus enhancing income-stream security
  • E-commerce resistant tenant mix
  • Average current tenancy at the property is 14 years
  • Stable in-place income stream with long term historical tenancies
  • Updated facades, landscaping and signage
  • First time on the market since property was developed
  • Located near California State University Monterey Bay (CSUMB)
  • Marina Village has strong national tenant base and 9 restaurants
  • Shopping Center hosts local farmer’s market every Sunday (10am – 2pm)

Details

Address : 211 & 215 Reservation Rd., 3160 & 3170 Vista Del Camino
City : Marina
State : CA
Zip Code : 93933
APN : 032-055-015/016 & 032-054-008/009
Latitude : 36.68765089748913
Longitude : -121.79770187744082
Property Type : Retail
Purpose : Sell
Building Size : ±77,304 SF
Lot Size : ± 305,192 SF (±7 Acres)
Property ID : 5674

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Patrick Stafford
DRE #01857243
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Josh Jones
DRE#01352818
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Ryan Edwards
DRE #01403313
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CONTACT US

Phone: (831) 646-1919
Fax: (831) 646-1115
Email Us: [email protected]

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