By Mike Hazlip—
A 5.9-acre portion of a shopping center near the busy intersection of Sunrise Boulevard and Greenback Lane is up for sale at $19.7 million, a price $5 million higher than it was put on the the market four years ago.
The property’s listing on the LoopNet commercial real estate site includes a 71,514-square-foot one-story building located at 6241 to 6253 Sunrise Blvd., along with 350 parking spaces. The property is fully leased with National Career Education and Montage Salon Studios occupying the space with Chuck E. Cheese.
The offer is listed by Cushman and Wakefield, and an agent contacted by The Sentinel said there was “nothing to report” when asked about potential buyers of the property. There is no indication that existing tenants are leaving the site.
The center was last listed in August 2018 for $14.5 million, according to a previous report by The Sentinel. It does not appear to have been sold since 2000, according to records from the Sacramento County Assessor’s office.
The building was built in 1981, records show. Adjacent properties are home to Texas Roadhouse and Buffalo Wild Wings. Quick-service restaurants (QSRs) are a valuable asset to the supply, according to Cushman and Wakefield.
The center is also home to Pier 1 Imports and Red Lobster. Across the street, a former Rite Aid building has been vacant since it closed in 2018. No new tenants have been announced.
Nearby, the area is seeing recent changes, with the new 260-home Mitchell Village housing community nearing completion and construction of a 2.9-mile trail that will cross the nearby Arcade Creek Park Preserve is expected to start later this fall.
Related: $10.4 million in funding approved for new 2.9-mile trail in Citrus Heights