This exceptional Class A, 167,254 square foot shopping center in San Leandro, CA presents a compelling core+ investment opportunity. Boasting a 99% occupancy rate and a robust NOI of $6,129,169, the property features five single-story buildings situated on 13.73 acres. Built in 1991 and renovated in 2017, the center benefits from a triple-net (NNN) lease structure and a multi-tenant occupancy. The property is anchored by national credit tenants including Nordstrom Rack, Marshalls, Nike, GAP Factory Store, and Skechers, complemented by a strong lineup of food and beverage establishments such as Starbucks, Pieology, Panda Express, and Five Guys. Placer.ai data ranks Marina Square in the 92nd percentile nationally and 89th percentile in California for community shopping centers, reflecting its high-performing tenancy with an average of $635 per square foot in sales. The center's strong historical occupancy, with 17 tenants occupying for 10+ years, demonstrates its resilience and high tenant demand. Strategically located on Marina Boulevard (approx. 44,719 cars per day), the center enjoys excellent visibility and accessibility, with immediate access to Interstates 880 (approx. 243,725 cars per day) and 580 (approx. 152,996 cars per day). The surrounding area's demographics further enhance the property's appeal, with a significant portion of the population within a 3-5 mile radius comprised of Millennials, Gen X, and Gen Z, representing active and affluent consumer groups. This is a rare opportunity to acquire a dominant, high-performing retail asset in a prime East Bay location.
Highlights
Institutional-quality community center anchored by Nordstrom Rack, Marshalls, Nike, GAP Factory Store, Skechers, Starbucks, Pieology, Panda Express, and Five Guys in a prime East Bay location.
99% leased to national credit tenants averaging $635 PSF in sales; ranks in the top percentiles nationally and in California for community shopping centers.
Strong, stable income stream with 91% of GLA occupied by 17 tenants for 10+ years, including national brands.
Excellent access via Marina Blvd, I-880, and proximity to I-580, ensuring high visibility and accessibility.
Prime location within a 3-5 mile radius boasting a high concentration of affluent Gen Z, Millennial, and Gen X consumers.
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Contacts
Jimmy Slusher
James Tyrrell
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1201 Marina Blvd, San Leandro, California, 94577
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1201 Marina Blvd
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