- For Sale $10,350,000
- Property Type Office - General Office
- Property Size 112,382 SF
- Lot Size 3.55 Acre
- Parking Spaces Avail. 203
- Parking Ratio 1.81 / 1,000 SF
- Building Class C
- Year Built 1995
- Date Updated Mar 27, 2024
Railroad Square, located at 620 N. Aurora Street, is situated in a Federal Opportunity Zone in Downtown Stockton. The Property is a 3-story (plus a lower level) low rise office building. The Building consists of three above-ground floors of 33,123 SF each, plus a basement. There is a large gated parking lot attached to the building. Two additional gated parking lots are included with the building for overflow parking or future development. The Property also features 88 on-site parking spaces.
The Property features a 2021 in-place cap rate of 7.47% based on net operating income of $635,689.76 inclusive of pro forma property taxes. The average in-place rent on the building is $0.67 per SF per month, modified gross, providing the next owner with tremendous rent and yield upside through lease renegotiations. Assuming a 6.00% cap rate disposition in 2031 based on a net operating income of $784,557, the pro forma value of the property could exceed $13 million providing the strategic investor with a highly reliable income while garnering an attractive 16.57% cash on cash return over the 10 year hold.
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Contacts
Location
Getting Around
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Walk Score ®
83/100
Very Walkable
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Transit Score ®
53/100
Good Transit
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Bike Score ®
71/100
Very Bikeable
- City Stockton, CA
- Neighborhood Downtown Stockton
- Zip Code 95202
- Market Central Valley
Points of Interest
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Stockton–Downtown
0.30 miles
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Stockton–San Joaquin Street
1.14 miles
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Chevron
0.39 miles
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Chevron
0.51 miles
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Valero
0.66 miles
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Arco
0.72 miles
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Hardy's Gas & Snacks
0.88 miles
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Shell:
1.25 miles
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Chevron
1.32 miles
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Beason
1.51 miles
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Valero
1.79 miles
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Arco
1.80 miles
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Market Street Garage
0.67 miles
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State Lot
0.72 miles
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Hunter Street Garage
0.74 miles
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Private Parking (Customers & Employees)
0.78 miles
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Stewart Eberhardt Parking Garage
0.80 miles
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Locke 2
2.90 miles
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Locke 1
2.93 miles
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Locke 3
2.96 miles
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Holt 2
2.98 miles
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Locke 4
3.02 miles
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Crest Motel
0.37 miles
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Budget Inn
0.49 miles
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Stockton Travellers Motel
0.72 miles
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Executive Lodge Inn
0.82 miles
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Pacific Motel
0.82 miles
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University Plaza Waterfront Hotel
0.84 miles
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Howard Johnson Stockton
0.85 miles
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Knotty Pine Motel 2
1.21 miles
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Knotty Pine Motel
1.21 miles
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Knotty Pine Motel 3
1.22 miles
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Taco Bell
0.37 miles
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El Forrestero
0.41 miles
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El Polo Loco
0.41 miles
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Yum Yum Donuts
0.42 miles
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Burger King
0.42 miles
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Subway
0.45 miles
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Sombrero Taqueria
0.46 miles
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Angelina's Spaghetti House
0.48 miles
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Subway
0.58 miles
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Eddie's Pizza
0.58 miles
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Trinity Lutheran School
0.27 miles
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Saint Marys Assumption School
0.46 miles
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Stockton Unified Early College Academy
0.66 miles
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Saint Gertrudes School
0.78 miles
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John Fremont High School
0.80 miles
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Grunsky Elementary School
0.81 miles
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Evangelical Methodist Christian School
1.01 miles
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Stockton Alternative High School
1.03 miles
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Saint Marys Annunciation School
1.05 miles
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Victory Elementary School
1.05 miles
Frequently Asked Questions
What is the lease rate for 620 North Aurora Street?
Rental asking rate at 620 North Aurora Street is $5,175,000.00/YR.
What is the total square footage of 620 North Aurora Street?
620 North Aurora Street totals 112,382 square feet.
When was this property built?
620 North Aurora Street was built in 1995.
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