1500-1590 West El Camino Avenue, Sacramento, CA 95833
Leasehold interest in a Bel Air-anchored center with extensive parking and long remaining ground lease term.
- Added:
- Jun 8, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 20 at 2:21 am
Property Features for 1500-1590 West El Camino Avenue
General Information
- Standard status
- Active
- Size
- 89,590 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing agent Patrick Toomey License #CA 00881133
Listing office Institutional Property Advisors
Listing date Jun 8, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Institutional Property Advisors
HighLights
- Bel Air (Raley's credit) neighborhood shopping center anchored by a single grocery tenant
- 89,590 SF shopping center built in 1986 with 465 surface parking spaces
- Frontage of 1,584 ft along West El Camino Ave and 1,089 ft along Truxel Rd at the northwest corner
- Leasehold interest runs through June 30, 2090; all four renewal options exercised for 64 years remaining term
- Bel Air Market has operated continuously at this location since 1980 (45 years at one address)
- In‑place NOI of $1,481,004 at 96.7% occupancy (no repositioning required)
Overview
The property sits at the northwest corner of West El Camino Avenue and Truxel Road in Sacramento’s Natomas submarket. It features 1,584 feet of frontage along West El Camino Avenue and 1,089 feet of frontage along Truxel Road. The offering is described as a leasehold interest, with the lease running through June 30, 2090. All four renewal options have been exercised, resulting in 64 years of remaining term.
From an ownership standpoint, the lease structure is supported by stated ground rent terms: adjustments occur every five years at 80% of CPI, and there are no fair market value reset provisions. The ground lease also includes a Right Of First Refusal provision giving the owner an opportunity to acquire the fee-simple interest if the ground lessor elects to sell. The property is presented as having maintained effective full occupancy through multiple economic cycles, with in-place NOI of $1,481,004 at 96.7% occupancy and no repositioning required.
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.4948346
- Latitude
- 38.6121521
