107,000 SQFT Hobby Lobby and Round 1 Block at Hayward’s Southland Mall Hits Market at $18.7MM, 7.75% CAP

A fully leased, 106,609-square-foot block of Southland Mall anchored by Hobby Lobby and Round 1 Entertainment is being offered at $176 per square foot with an unusual condition attached — the buyer must subdivide it into a standalone parcel — and priced 75 basis points above the average East Bay retail cap rate.