Ethan Conrad Properties is proud to announce the acquisition of a 22,637 sq. ft. retail property at 4207 Elverta Road in Antelope, CA. This 100% leased, seven-tenant shopping center further strengthens our presence in the growing Antelope market and enhances our portfolio of well-positioned retail assets.
A Strategic Off-Market Acquisition
Unlike many of our purchases, which often include vacancy or deferred maintenance opportunities, this acquisition was driven by unique value-added components. The property is located directly adjacent to the 46,000 sq. ft. building at 4249 Elverta Road that we recently leased to Chuze Fitness. With Chuze Fitness bringing in significant daily traffic, this new center will benefit from the increased visibility, customer flow, and long-term stability of being positioned next to a major regional draw.
Property Highlights
- Size: 22,637 sq. ft. of multi-tenant retail space
- Tenancy: 100% leased with seven established tenants
- Parking: 238 spaces (4.0/1,000 SF ratio)
- Location: Signalized intersection of Elverta Road and Walerga Road – one of the most prominent intersections in Antelope
- Anchors in Trade Area: WinCo Foods and the adjacent Chuze Fitness (former Orchard Supply Hardware)
Enhancing Synergy and Control
In addition to the tenant mix, the acquisition provides us with greater control over the CC&Rs for the overall center, creating opportunities for more coordinated management and stronger synergy between the properties. This strategic alignment allows for more flexibility in tenant mix, shared improvements, and long-term property value growth.
Planned Improvements
To ensure the property complements its neighbor, Ethan Conrad Properties will complete a light remodel and repaint the center. The refreshed look will align with the recently upgraded Chuze Fitness building, creating a cohesive and attractive retail environment for tenants and customers alike.
Strengthening Community Presence
The Antelope trade area continues to show strong growth, supported by national retailers such as Petco, Starbucks, Panda Express, Chase Bank, and Bel Air located nearby. By adding this center to our portfolio, we’re not only expanding our footprint but also reinforcing our commitment to investing in properties that bring long-term value to both our tenants and the communities we serve.
Looking Ahead
We are excited about the opportunities this acquisition brings and confident that the synergy between this property and Chuze Fitness will generate significant benefits for tenants and customers. This purchase marks another milestone in Ethan Conrad Properties’ continued growth and commitment to acquiring and repositioning high-quality commercial real estate across Northern California.
