Sterling Organization has acquired the Franciscan Center, a 106,840-square-foot retail center, and Mohave Center, a 10,228-square-foot strip center, located in Fremont, California from a private seller. The properties traded for $40.45 million.
The properties are located in a submarket of the Bay Area and have an occupancy of 92%. Tenants include Safeway, Taco Bell, KFC, Burger King, Bank of America and 7-Eleven.
Franciscan Center is located at 46690-46850 Warm Springs Rd., and Mohave Center is located at 46650 Mohave Dr.
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