BH Properties, a vertically integrated, value-add real estate investment firm, has acquired a dual-building, multi-tenant retail center located at 1370–1380 Holiday Lane in Fairfield, Calif., directly adjacent to Interstate 80. The acquisition expands the firm’s growing Northern California portfolio and underscores its strategic focus on well-located retail assets with value enhancement potential.
The 24,604-square-foot property consists of two high-profile buildings on a 2.34-acre parcel, offering excellent freeway visibility with some 200,000 vehicles per day along I-80 and strong co-tenancy within the adjacent Solano Town Center. The property is currently 58% vacant, representing a lease-up opportunity in a trade area with low retail vacancy and strong tenant demand.
The existing tenant roster includes Aspen Dental, Peet’s Coffee & Tea, Togo’s Sandwich Shop and Golden 1 Credit Union.
“This acquisition reflects our ongoing strategy of targeting fundamentally sound retail assets in high-traffic corridors,” said Jim Brooks, president of BH Properties. “The site’s visibility, access and existing tenant lineup provide a solid foundation for long-term income growth through active leasing and repositioning.”
The seller was advised by Don MacLellan and Scott DeYoung of Faris Lee Investments, along with John Cumbelich and Joe Kuvetakis of John Cumbelich & Associates.
