California + Bay Area + Retail | July 7, 2022

Danville Retail Center Trades for $20M

Real estate brokerage firm Marcus & Millichap has arranged the sale of Village Shopping Center, a 67,000-square-foot, 2-story retail property in Danville, CA. The firm’s Vince Schwab was the exclusive agent for the seller, Montair Associates and procured the buyer, Blake Griggs Properties, LLC.

“Built in 1977, Village Shopping Center is a pillar of the local Danville community, featuring a diverse tenant roster of independently owned and operated businesses that withstood the pandemic and maintained a 97% occupancy rate,” said Schwab, executive managing director investments. “The property benefits from its location just off San Ramon Valley Boulevard, one of Danville’s most traveled streets.”

Some notable tenants at the shopping center include Fitness 19 and the Danville Chamber of Commerce. Danville is also one of the wealthiest suburbs in the U.S., with an average household income of over $220,000, according to Schwab.

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Marcus & Millichap Northern CaliforniaVince Schwab

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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