HILLTOP TOWNE CENTER



 

CONFIDENTIALITY AGREEMENT AND SELLER/BROKER ADVISORY

The information contained in this offering prospectus (aka Offering Memorandum) is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Northstate Commercial Partners (NCP). This Offering Memorandum is promotional in its nature and highlights the benefits of the Subject Property. It is not intended to present a balanced analysis of the opportunity and does purport to contain all information required to determine the suitability of this investment for any specific buyer. t has been prepared to provide summary, unverified information to prospective purchasers,  and to establish only a preliminary level of interest in the subject property. The information contained herein is not to be used in place of thorough due diligence investigations and consultation with experts and advisors of the Buyer’s choosing. NCP has made no such investigation and makes no representations or warranties with respect to the income or expenses for the subject property, the size and square footage of the property, its future performance or projected return on investment. Buyer is advised to investigate all matters concerning the property including, without limitation, the presence or absence of environmental contamination, zoning, physical condition, code deficiencies or violations (local, state and federal), ADA compliance, neighborhood influences and title report. Buyer will rely solely on the advise and counsel of its designated consultants in evaluating each and every aspect of the property. Current or future occupancy levels are not warranted or guaranteed and no representations are made regarding future performance or the intentions of any specific tenant.

The information contained in the Offering Memorandum has been obtained from sources we deem reliable, but we make no guaranty of its accuracy. NCP has not verified the information in the offering memorandum.

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Property Name: Hilltop Towne Center

Site Address: 1611 - 1691 Hilltop Drive, Redding, CA

Offering Price: $11,100,000

Net Rentable Area: 68,908 SF portion of a 162,000 SF center

Projected Yields: In Place Income: 7.7% cap at 19.6% vacancy

Year Built: Mid 1980's

Construction Type:  Block, stucco & glass

 

Investment Highlights

  • Incredible location at the heart of the trade area (I-5 & Hwy 44)
  • Largest trade area within 150 mile radius
  • 7.7% cap rate on only 80.4% "in place" income
  • Dynamic tenant mix (majors, restaurants, medical, fitness)
  • Over 150,000 cars per day
  • 269 parking spaces (incl. 5 ADA) + common reciprocal spaces
  • 5.97 +/- acres, 4 parcels
  • Assumable debt

 

Hilltop Towne Center is home to some of the nation's most recognized names, including Sportsman's Warehouse (shadow), Party City, Petco (shadow), Tuesday Morning, Payless Shoes and Planet Fitness (shadow). The property is situated on less than 2/10ths of a mile from the Mt. Shasta Mall and even closer to the intersection of Interstate 5, Hwy 299 and Hwy 44. Over 150,000 cars pass within line of sight of the Hilltop Towne Center every day.

 
 

LISTED BY

 

KEN MILLER

530.768.1650

KENMILLER@SHASTA.COM

License No. 00818540