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2007 Pacific Ave
Stockton, CA 95204
Miracle Mile Prime Mixed-Use Opportunity! · Retail Property For Sale
Investment Highlights
- Clear Value-Add Lease Upside – Opportunity to restructure existing below-market Modified Gross leases to market rents with NNN structure.
- Significant Square Footage + Bonus Basement – Approximately 8,237 SF of ground-floor retail and 7,899 SF of second-floor space, totaling ±16,136 SF.
- Individually Metered Utilities – Building is individually metered for gas, electricity, and even water, supporting efficient expense control.
- Strong Value-Add Yield Growth – Operating cap rate improves from 3.21% at acquisition to approximately 6.11% in Year 2, reaching 10.11% and etc.
- Compelling Price Metrics – Pricing equates to approximately $127.47 per SF based on the retail space alone, or just $65.07 per SF including full size.
- Prime Miracle Mile Placement – Positioned directly on Stockton’s iconic Miracle Mile corridor, surrounded by established retail, dining, educational.
Property Facts
Property Type
Retail
Property Subtype
Building Size
16,136 SF
Building Class
B
Year Built
1948
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.72
Lot Size
0.22 AC
Zoning
CG - General Commercial
Property Taxes
| Parcel Number | 113-364-08 | Improvements Assessment | $240,283 |
| Land Assessment | $91,433 | Total Assessment | $331,716 |
Property Taxes
Parcel Number
113-364-08
Land Assessment
$91,433
Improvements Assessment
$240,283
Total Assessment
$331,716
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