A five-building retail portfolio totaling ± 71,437 SF spread across nearly four blocks in downtown Davis, CA has sold after 40 years under the same ownership. Long-time owner Brinley Downtown Properties sold the fully leased portfolio to Browman Development. Located along prime, heavily trafficked streets, the building addresses include 513, 603 and 718 2nd Street, 209 F Street, and 207 E Street. They are commonly known as the Cinema South, Brinley, Red Brick, Quessenberry, and Watermelon Music buildings. The tenants include an attractive variety of retailers such as Armadillo Music, Fleet Feet Sports, The Army Corp of Engineers, The Avid Reader, Spa Central, E Street Salon, Balance Point Pilates Studio, The Wardrobe, The Root of Happiness Kava Bar, and Sweet and Shavery. Erik Neese, Ken Reiff and Shaun Morrow with Cushman & Wakefield’s Sacramento office represented the seller in the transaction.
The properties have been developed, managed, bought, maintained, leased and rehabbed by the current ownership for over four decades,” said Mr. Neese. “The offering presented a rare, unique opportunity to capture a significant amount of downtown Davis retail square footage in one transaction.”