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Aug

23

Sacramento-Area Walmart Central Trades for $40M

By Tony Seruga

Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.

Nazareth Enterprises Inc. acquired the Walmart Central Shopping Center in Folsom, Calif. for $39.6 million. This brings the company’s acquisitions volume in the third quarter over the $100 million mark, according to Chain Store Age. Marcus & Millichap represented the seller of the 139,277-square-foot asset, a private investor, while Landmark Real Estate Services worked on behalf of the buyer.

A Super Walmart shadow-anchors the shopping center located at 1002-1016 Riley St. The eight-building asset was built in 1992 and is anchored by a 24-Hour Fitness, SuperSport Gym, 99 Cents Only Store and Western Dental. The property is three miles north of State Route 50 and less than two miles west of Mercy Hospital of Folsom. Folsom has a population of more than 77,000…

Sacramento-Area Walmart Central Trades for $40M

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