STRIP RETAIL BUILDING FOR SALE

The 1700 Block of Pacific Ave is a five (5) tenant, multi-story commercial building with frontage along Stockton’s main commercial corridor. The property enjoys street front as well as gated, secured parking in the rear. Anchored by seasoned local tenants, some who have been at the site for over 15 years, the site offers stable cash flow with a value-add opportunity available through tenant repositioning and market rent increases. The Property consists of 22,237 rentable square feet, divided into five (5) spaces ranging from 2,500 SF to 6,900 SF. Tenant lease terms range from month to month to multi year term. Built in 1946, the building includes a subterranean basement level, common for buildings built in that era. The basement square footage is not included in the rentable square footage.

Sale Note
Value add Multi Tenant Retail Strip Center – Significant Rental Upside Irreplaceable Location – located along Stockton’s premier commercial and entertainment district, the Miracle Mile Stable cash flow from long tenured tenants Private parking lots included in sale - a rarity in the Miracle Mile Shopping District. Flexible Zoning allowing for a wide variety of repositioning and/or redevelopment possibilities. Delivered free and clear of existing debt Priced Far Below Replacement Cost