SAN FRANCISCO (November 12, 2012) – SRS Real Estate Partners announced today that Belmont Village Shopping Center, located at 1200 El Camino Real in Belmont, Calif., was purchased by a private investor for $5,675,000 at a 6.3% capitalization rate. The 8,054-square-foot property is located in Belmont’s popular trade area of El Camino Real and Ralston Avenue, and is anchored by Safeway, the dominant grocer in the neighborhood. Tenants in this pad building include AT&T, Peet’s Coffee, Gamestop, Supercuts, Toto’s and Menchie’s Frozen Yogurt.
The shopping center has the unique advantage of offering a competitive barrier to entry for its tenants’ competitors, as there are very few attractive sites on the San Francisco peninsula with such a strong location and anchor tenant, abundant parking, and ease of access.
Steve Gazzera and Mark Thomas of SRS Real Estate Partners represented the buyer in the transaction. Dan Ruebenstein of Ruebenstein Captial represented the property owner, Swire-Friedkin Group.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com/sanfrancisco.