(EDITOR’S NOTE: According to public documents, the transaction closed in August of 2019 for $5.33 million.)
San Francisco – December 5, 2019 – Beckett Capital announces that it has advised Mi Rancho Supermarket on the expansion to its first East Bay location. Mi Rancho acquired a vacant Walgreens store at 15850 E. 14th Street in San Leandro’s Ashland District.
The property with its adjacent parking lot is an ideal location for Mi Rancho’s first East Bay supermarket. The San Leandro store, scheduled to open in early 2020, will be Mi Rancho’s fifth Bay Area store adding to its existing locations in Redwood City, San Mateo and San Jose.
Situated across from the Bayfair Mall and walking distance to the Bay Fair BART station, Mi Rancho San Leandro is poised to benefit from Alameda County’s overall vision for a new and enhanced commercial corridor in the Ashland District.
Founded in 1994 by the Lopez Family, Mi Rancho Supermarket aims to provide the highest quality produce and meat at the best prices and an exceptional customer experience.
About Beckett Capital Inc.
Beckett Capital Inc, Beckett Capital is a commercial real estate services firm specializing in urban redevelopment and repositioning opportunities in the San Francisco Bay Area. It concentrates on disposition and acquisition strategies for clients that focus on ground up residential, mixed-use and office product.
About Mi Rancho Supermarket
Mi Rancho Supermarket is a specialty grocery store founded in 1994 by the Lopez Family and based in Redwood City. Mi Rancho has current locations in Redwood City, San Mateo and San Jose and will be opening a fifth store in San Leandro.