3314-3406 Delaware Ave - Storefront FOR SALE


Stockton, CA 95204
$2,595,000 USD
209-461-6400
3314-3406 Delaware Ave, Stockton, CA for Sale
$2,595,000 USD
Storefront - FOR SALE
1/12
null | 7.62% Cap Rate

3314-3406 Delaware Ave
Stockton, CA 95204


HIGHLIGHTS

  • New Cap Rate | New Lease Extensions in Place for Majority of the Center | Increased NOI
  • Immediate Upside Potential | De Parsia's Restaurant & Catering Below Market Rents on Month to Month Lease
  • Located on over 1 Acre corner lot with Convenient Access to I-5 and University of Pacific

OVERVIEW

Introducing an excellent investment opportunity. Alpine Center is a 23,400 square foot neighborhood center. Comprised of four tenants with the largest tenant being the San Joaquin County Office of Education. Three out of the four tenants have been operating in Alpine Center for a minimum of 12 years and as long as 28+ years. The center services the surrounding area and benefits from great access, excellent visibility, and is well maintained.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

7.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alpine Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

C-N

APN/PARCEL ID

111-110-42,111-110-51,111-110-52

ASK ABOUT THIS PROPERTY

Colton TosteFirst Commercial Real EstateMore Info
209-461-6400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Colton TosteFirst Commercial Real EstateMore Info
209-461-6400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.