Press Releases
Marcus & Millichap Facilitates the Sale of a Multi-Tenant Retail Shopping Strip Property in Citrus Heights, California
April 18, 2025
CITRUS HEIGHTS, Calif., April 18, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a multi-tenant retail property located in Citrus Heights, California. The asset sold for $1,545,000.
“After holding the asset for more than three decades, the seller was ready to strategically exit their investment,” shared Dominic Mazzoni, investment specialist in Marcus & Millichap’s Sacramento office. “Through a targeted marketing approach and deep understanding of the local market, we successfully generated strong interest and facilitated a seamless transaction.” Mazzoni and Edward J. Nelson, investment specialists in the firm’s Sacramento office, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Mazzoni and Nelson. The property closed at 99 percent of the list price within 40 days of listing, reflecting strong market demand.
Constructed in 1982, this multi-tenant retail property is located at 7401-7405 Greenback Lane in Citrus Heights, California. Positioned on a prominent signalized hard corner, the site offers strong visibility and benefits from consistent vehicle and foot traffic. Surrounded by national retailers and residential neighborhoods, the location provides excellent synergy for tenants. The property is occupied by three tenants: Donut King, UPS, and Verizon Wireless, offering stable in-place income.
“After holding the asset for more than three decades, the seller was ready to strategically exit their investment,” shared Dominic Mazzoni, investment specialist in Marcus & Millichap’s Sacramento office. “Through a targeted marketing approach and deep understanding of the local market, we successfully generated strong interest and facilitated a seamless transaction.” Mazzoni and Edward J. Nelson, investment specialists in the firm’s Sacramento office, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Mazzoni and Nelson. The property closed at 99 percent of the list price within 40 days of listing, reflecting strong market demand.
Constructed in 1982, this multi-tenant retail property is located at 7401-7405 Greenback Lane in Citrus Heights, California. Positioned on a prominent signalized hard corner, the site offers strong visibility and benefits from consistent vehicle and foot traffic. Surrounded by national retailers and residential neighborhoods, the location provides excellent synergy for tenants. The property is occupied by three tenants: Donut King, UPS, and Verizon Wireless, offering stable in-place income.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
