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420 W Pine St 6,410 SF 78% Leased Office Building Lodi, CA 95240 $1,194,900 ($186.41/SF) 5.26% Cap Rate
Investment Highlights
- Near City Hall. Building in meticulous condition. Long term tenants.
Executive Summary
Office complex located just west of City Hall in Lodi. Pine Street Business Center receives just enough traffic to get noticed without the congestion of a busy street. Owners have meticulously maintained building and grounds. The 2-story building has 3 stairwells making access easy for clients yet secure for tenants after hours. Building has one double suite not leased that can be made into 2 separate offices. The other 7 offices have long term tenants. Owners occupy one of the 9 offices and would like to stay. The .39 acre parcel has frontage on Pine St. with one way entry to private parking lot that backs to an alley.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
6,410 SF
Building Class
C
Year Built
1982
Price
$1,194,900
Price Per SF
$186.41
Cap Rate
5.26%
NOI
$62,875
Percent Leased
78%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,205 SF
Building FAR
0.38
Lot Size
0.39 AC
Zoning
C2, Lodi
Amenities
- Security System
- Signage
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 037-280-32 | Improvements Assessment | $591,557 (2025) |
| Land Assessment | $334,654 (2025) | Total Assessment | $926,211 (2025) |
Property Taxes
Parcel Number
037-280-32
Land Assessment
$334,654 (2025)
Improvements Assessment
$591,557 (2025)
Total Assessment
$926,211 (2025)
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420 W Pine St
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