California & Main Retail Center — Fully Restored, Re-Leased, and Stabilized

In 2021, the California & Main Retail Center experienced a fire from a unhoused individual trying to stay warm. Since then, ownership has invested over $1,000,000 in restoration and upgrades, returning the asset to optimal condition and elevating curb appeal and functionality. Additional recent owner work, new A/C units, landscape/tree trimming, and fresh parking lot paint/striping, further improves day-to-day operations and tenant/visitor experience. The final two vacancies have now been leased, so the center is 100% occupied and stabilized. One of the largest suites, originally leased during the COVID period, remains under market, and is the first lease to roll, creating an opportunity to increase future rents.

Positioned at the hard corner of California St & Main St in Woodland, the property totals 25,626± SF on 1.81± acres, with 82 striped parking spaces and visibility along two key arterials (approx. 15,000 VPD). Originally built in 1962 and renovated in 1995, the center has benefited from ongoing façade, paving, landscaping, and mechanical enhancements. The tenant mix delivers daily-needs convenience (e.g., Subway, restaurant, barbershop, dental clinic, children’s activity center, resale retail), supporting durable traffic and income. The asset is offered at $4,559,000, reflecting a 6.8% cap rate on 2026 NOI of $310,150, a compelling stabilized return with near-term upside via rent resets on rollover.