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Alpine Center 3314-3406 Delaware Ave 23,400 SF 100% Leased Retail Building Stockton, CA 95204 $2,595,000 ($110.90/SF) 7.62% Cap Rate
INVESTMENT HIGHLIGHTS
- New Cap Rate | New Lease Extensions in Place for Majority of the Center | Increased NOI
- Located on over 1 Acre corner lot with Convenient Access to I-5 and University of Pacific
- Immediate Upside Potential | De Parsia's Restaurant & Catering Below Market Rents on Month to Month Lease
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
23,400 SF
Building Class
C
Year Built
1980
Price
$2,595,000
Price Per SF
$110.90
Cap Rate
7.62%
NOI
$197,613
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
1.02 AC
Zoning
C-N - Neighborhood Commercial
Parking
80 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $761,842 | |
| Land Assessment | $467,816 | Total Assessment | $1,229,658 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$467,816
Improvements Assessment
$761,842
Total Assessment
$1,229,658
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Alpine Center | 3314-3406 Delaware Ave
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