503 W Benjamin Holt Dr - Bank FOR SALE


Stockton, CA 95207
$2,100,000 USD
209-461-6400
503 W Benjamin Holt Dr, Stockton, CA for Sale
$2,100,000 USD
Bank - FOR SALE
1/17
null | 8.19% Cap Rate

503 W Benjamin Holt Dr
Stockton, CA 95207


HIGHLIGHTS

  • Existing Income with Upside and/or Owner-User Potential | NNN Lease to Bank of America (69% of GLA)
  • Lease up of 5,303 Vacant Space at $0.95 NNN / Month Equates to 8.19% Proforma Cap Rate
  • Property Sits on a Large 1.89 Acre, Rectangular Shaped Lot | Priced Below Replacement Cost at $129 per Square Foot
  • High Deposits | This Bank of America location has reported over $589 Million in Deposits as of June 30, 2022(per FDIC)
  • Low Rent and Early Lease Extension | Bank of America Exercised 5-year Option Commencing on 10/1/24
  • Located at Signalized, Hard Corner Intersection with Combined Traffic Counts of 14,896 Vehicles

OVERVIEW

Situated in the Lincoln Village Area and surrounded by prominent retail establishments, this Bank of America site boasts an exceptional location directly off the heavily traveled Pacific Avenue. The property holds significant potential for growth, given its status as a low-rent, high-deposit location with convenient accessibility. Bank of America has recently exercised an early 5-year extension, commencing in 2024, and has multiple 5-year options with built-in rent increases. The additional space available within the Bank of America building provides an investor existing income with immediate upside or Owner-User potential. Lease up of 5,303 Vacant Space at $0.95 NNN / Month Equates to 8.19% Proforma Cap Rate. An opportunity rarely found in core investments with credit tenants in a prime location.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

8.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

169

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

GC

APN/PARCEL ID

081-260-52

ASK ABOUT THIS PROPERTY

Colton TosteFirst Commercial Real EstateMore Info
209-461-6400

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Colton TosteFirst Commercial Real EstateMore Info
209-461-6400

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