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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
