1014-1026 Douglas Blvd, Roseville, CA 95678

Marcus & Millichap is pleased to present for sale the Hillcrest Center, an exceptional investment opportunity located at 1018 Douglas Blvd, Roseville, CA. Positioned blocks away from Interstate 80, which boasts a VPD of 190,200, and along Douglas Blvd, which has 47,933 VPD, This property benefits from high visibility in the heart of the city-planned revitalized Douglas-Harding Corridor. The Hillcrest Center is being offered at a low cost per square foot ($136.26/SF), allowing owner-user/value-added investors room to make the needed capital improvements and maximize returns.
The Hillcrest Center is approximately 20,269 SF situated on a 2.21-acre parcel. The center offers space configurations ranging from 1,850 SF to 12,908 SF that offer upside potential upon lease-up and a large parcel for a variety of income-producing opportunities. Its strategic location and potential for redevelopment add significant value, making it an attractive investment. Moreover, the property's community commercial zoning and the city's revitalization agenda make it highly appealing to sophisticated value-add investors or owner-users, which should help expedite the stabilization of this property.
This investment opportunity is ideal for both value-add investors and owner-users. Owner-users can capitalize on the chance to occupy up to 51% of the space, potentially leveraging SBA financing for added flexibility. Meanwhile, value-added investors can seize the opportunity to enhance the property and unlock its full potential, aligning with the city's commitment to corridor revitalization. The stability of the property is underscored by its long-standing tenants and historically high occupancy. The current tenants have tenure ranging from 5 to 27 years, all expressing a desire to stay. The co-anchor tenant, Pet Care, recently renewed their lease for 7 years with two five-year options, including aggressive annual rent increases amounting to a 44.5% increase over the firm term. This provides a stable income stream for either a value-added investor or owner-user, ensuring continued returns while improvements are made.
Priced at $136.26 per square foot or $2,762,651, the Hillcrest Center proposes compelling returns. See the pricing page for further estimates of upside potential. Additionally, the corridor plan permits multifamily residential utilization within commercial zones, offering further investment potential. With the right improvements, the Hillcrest Center can become a profitable investment for investors seeking high returns in a prime location.