Shopping Centers for Sale in Santa Clara County

Shopping Centers for Sale in Santa Clara County

525 E. Hamilton Ave Campbell, CA 95008 (Santa Clara County)

Almarida Place


Price $27,750,000 Property Use Type Investment
Gross Leasable Area 149,517 SF Cap Rate 7.50%
Price/SF $185.60 Tenancy Multiple
Property Type Retail Lot Size 7.98 AC
Property Sub-type Regional Center/Mall  
8a82b89be125400f962dbef91c0d7d90 31fde8898109443f98425ac5a57ecb58 38fd01fac711486b8f4a50db9b2c9ff7 544c75a8170e42b2a7f34a6f4b4d14e1
Map of 525 E Hamilton Ave, Campbell, CA 95008

*Almarida Place is a 149,517 SF promotional center anchored by Kohl’ s and Bed, Bath & Beyond on long term leases

*Kohl’ s and Bed, Bath & Beyond are high-identity, nationally recognized retailers that draw patrons to the center from a large radius in the region

*Stable, high-quality income stream Freeway exit off ramp flows directly to this site

*Shop space frontage and monument sign to primary retail street (Hamilton Avenue)

*Direct freeway visibility, access, and pylon signage

*Large parking fields for anchors and inline tenants with potential developable pad space fronting Almarida Drive

*61-year ground lease with 50 years of term remaining

*Extremely vibrant local economy

*Highly sought-after demographics/concentration of income in trade area

*More than 145,000 employees work within 3 miles and more than 338,000 employoees work within 5 miles of Almarida Place

*More than 31,000 people within a 1 mile radius, with average household income of $101,132

*More than 241,761 people within a 3 mile radius, with average household income of $115,355

*More than 585,018 people within a 5 mile radius, with average household income of $120,517

*Extremely high barriers to entry due to lack of developable land and low retail turnover/vacancy in Campbell-San Jose market area

*Limited direct competition in immediate and surrounding trade area

*Synergy of additional intersection anchors resulting in added retail draw

*Excellent freeway visibility and access with over 160,000 cars per day on US Highway 880/17

*Positive synergy with other local retail centers

*Nationally recognized co-tenants in the trade area include Whole Foods, Trader Joe’ s, Staples, Home Depot, Marshalls, Ross Dress For Less among others