1673 Lacey Blvd, Hanford, CA 93230-5924
- Super regional malls
- 98,843 SF
- 6.54 lot acres
Current Use by Public Records
- Urban Air Trampoline and Adventure Park / Tour Operator / Campground & RV Park
- Serrano's Furniture / Furniture & Home Goods / Home Decor Store
- Ideal Furniture Galleries Hanford Mall / Furniture & Home Goods / Home Decor Store
- Boot Barn / Clothing & Fashion Store
Property Details for 1673 Lacey Blvd
- Year built
- 1993
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 6.54 lot acres
- Zone code
- RC
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 011-060-037-000
- APU
- 11060037000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 6, 2025 | — | 1673 West Lacey LLC | — | Deed · related | $400k · Amy Lai Etal |
| Oct 31, 2024 | — | 1673 West Lacey LLC | — | Deed · related | $7.2M · Pbp Lending LLC |
| Oct 1, 2021 | — | 1673 West Lacey LLC | — | Deed · related | $7.3M · Els Holdings LLC |
| Apr 1, 2019 | — | 1673 West Lacey LLC | — | Deed · related | $6.5M · Cpif California LLC |
| Mar 1, 2019 | — | 1673 West Lacey LLC | — | Deed · related | $425k · Bronzetree Terraces LLC |
| May 24, 2018 | — | West Lacey LLC | — | Trustees Deed · related | $3.2M · Helvetica Cap Fndg II LLC |
| Sep 22, 2016 | — | 1673 West Lacey LLC | — | Deed · related | $2.5M · Westminster Fin'l |
| Jun 21, 2016 | $3,950,000 | 1673 West Lacey LLC | Hank T Hanford LLC | Grant Deed | $2.5M · Rpm Invs |
| Apr 7, 2016 | $2,175,000 | Hank T Hanford LLC | Forever 21 R/e Holdings LLC | Grant Deed | — |
| Jun 16, 2009 | — | Forever 21 R/e Holdings LLC | Gottschalks INC | Quit Claim Deed · related | — |
| — | — | 1673 West Lacey LLC | — | Deed Of Trust · related | $425k · Bronzetree Terraces LLC |
| — | — | 1673 West Lacey LLC | — | Deed Of Trust · related | $6.5M · Cpif California LLC |
| — | — | 1673 West Lacey LLC | — | Deed Of Trust · related | $2.5M · Westminster Fin'l |
Description
This exceptional investment opportunity presents a 79,224 square foot, four-tenant retail shopping center located at 1673 W Lacey Blvd, Hanford, CA 93230. Boasting 100% occupancy, the property features a strong lineup of national and regional tenants including Boot Barn, Urban Air Trampoline Park, Ideal Furniture, and Serrano's Furniture. Built in 1993 and renovated in 2019, this center benefits from a prime location at a high-traffic intersection (43,000 vehicles per day), providing excellent visibility and accessibility to Highways 198 and 99. The property sits on a 5.4-acre lot and is zoned for regional commercial use. Current Net Operating Income (NOI) is $744,552, representing a 7.00% cap rate on the $10,636,000 asking price. Leases are NNN, with built-in rent bumps providing a hedge against inflation. The property's location within a rapidly growing area, with significant residential development underway and a strong average household income exceeding $90,000 within a five-mile radius, ensures long-term stability and potential for appreciation. The property is also strategically positioned near major retailers, including Walmart, Target, Home Depot, and Lowe's, further enhancing its desirability and drawing power. The below-market rents and significant upside potential from future rent increases, coupled with the property's below-replacement cost of approximately $134 per square foot, make this an attractive investment opportunity, particularly suitable for 1031 exchange transactions. The property's proximity to Adventist Health Center and the planned Kings/Tulare high-speed rail station further enhances its long-term value and prospects.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.672
- Latitude
- 36.3252
- CBSA code
- 25260
- CBSA name
- HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
