3220 Broadway St Eureka, CA 95501

The subject property is a stabilized retail shopping center located adjacent to a regional mall, along US 101, offering strong visibility. Victoria Place features a variety of regional and national retailers, including Big 5 and Carl’s Jr. The property is currently 97.91% occupied, with tenants that include Big 5 Sporting Goods (separately parceled pad), Carl’s Jr. (separately parceled with a drive-thru), Social Security Administration (SSA), and a dynamic mix of regional and service-based retailers. Big 5 has operated at the center for over 36 years and recently exercised one of its options, Carl’s Jr. for over 16 years, and SSA for over 15 years and recently extended its lease through March 2030. Victoria Place is located on U.S. 101, which serves as a primary north-south arterial for the city of Eureka, and benefits from excellent street visibility and multiple points of ingress and egress. Adjacent to the subject property is the Bayshore Mall, a 600,000+ square foot retail destination that serves the surrounding communities and is the only enclosed regional mall within a 155-mile radius. The offering provides an investor with the opportunity to acquire a Northern California shopping center that features a main building with in-line shops, and two pads that are separately parceled and leased to national retailers. The subject property is currently undergoing major common area enhancements, including siding work, replacing all mansard roof shingles (main building & Big 5), and repainting the exterior of the entire center in-line shops, and two pads that are separately parceled and leased to national retailers. Several tenants are on Gross Leases, giving an investor the opportunity to unlock additional income in the future by converting to NNN or executing new leases.