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Marengo Center 3 Retail Properties Offered at $5,000,000 in Stockton, CA
Executive Summary
• Great value add or re-development opportunity
• Located on one of Stockton's busiest corridors, with over 50,000 vehicles per day
• 99% occupied
• Good tenant mix that is ideal for retail strip centers
• Newer roofing on every building except 505 W Swain Road, these also come with guarantees until 2030 or 2035
• Most rents are below market with leases that are soon to expire, giving the property upswing potential
• Most suites are an ideal size for a local retail user
• Offering memorandum available upon request
• Located on one of Stockton's busiest corridors, with over 50,000 vehicles per day
• 99% occupied
• Good tenant mix that is ideal for retail strip centers
• Newer roofing on every building except 505 W Swain Road, these also come with guarantees until 2030 or 2035
• Most rents are below market with leases that are soon to expire, giving the property upswing potential
• Most suites are an ideal size for a local retail user
• Offering memorandum available upon request
Property Facts
| Price | $5,000,000 | Number of Properties | 3 |
| Price / SF | $156.49 / SF | Individually For Sale | 0 |
| Cap Rate | 5.31% | Total Building Size | 31,950 SF |
| Sale Type | Investment | Total Land Area | 1.81 AC |
| Status | Active |
| Price | $5,000,000 |
| Price / SF | $156.49 / SF |
| Cap Rate | 5.31% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 31,950 SF |
| Total Land Area | 1.81 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6112-6138 Pacific Ave, Stockton, CA 95207 | Retail | 21,170 SF | 1953 | - |
| 600-608 Porter Ave, Stockton, CA 95207 | Retail | 7,200 SF | 1960 | - |
| 505 W Swain Rd, Stockton, CA 95207 | Retail | 3,580 SF | 1979 | - |
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