Kunofsky and James of Marcus & Millichap arranges sale of 94,418 s/f Shopko: $13.62 million

Redding, CA Marcus & Millichap has arranged the sale of a 94,418 s/f Shopko. The $13.62 million sales price equates to $144 per s/f.

Glen Kunofsky, along with Mike James, a Marcus & Millichap first vice president investments, represented the seller. Kent Williams, senior vice president, is Marcus & Millichap’s broker of record in California.

“This transaction exemplifies the ongoing demand for big box, net-leased assets that offer sound real estate fundamentals and a strong tenant,” said Kunofsky. “This is the 25^th Shopko location our team has closed with the seller and we have additional Shopko properties that are available for sale individually or as a portfolio.”

“This Shopko is well-positioned along a highly active commercial corridor, which sees over 28,000 vehicles per day and provides a consistent flow of customers,” said James.

The property is located at 55 Lake Blvd., less than one-half mile to I-5. Retailers along Lake Boulevard include Walgreens, McDonald’s, Starbucks and Subway. The Shopko is adjacent to Raley’s Supermarket.

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