The subject property is 100% leased to HLM Corporation, the master tenant operator of Alameda Marketplace, with less than 1 year remaining on a NN lease and two 5-year option periods.

This historic building houses a side-by-side lineup of upmarket, sustainable food shops and cafes which are all subtenants under the master lease. The Marketplace is home to eight locally owned and independently operated businesses that focus on gourmet, all natural, sustainable, handmade, artisan and organic foods.

Located in a large brick building at the gateway to the Park Street Shopping District in downtown Alameda, The Marketplace provides an open air, marketplace shopping experience similar to the Ferry Building in San Francisco. The subject property is strategically located at the signalized hard corner intersection of Alameda’s iconic Park Street & Buena Vista Avenue (~34k vehicles passing per day) and is near Interstate 880 (~215k vehicles per day). The trade area is supported by more than 465,796 residents with an average household income higher than $118k within a 5-mile radius of the subject property.