633 San Juan Ave, Stockton, CA 95203
31,807 SF | 100% Leased | Industrial Building | Stockton, CA 95203 | $11,500,000 ($362/SF) | 10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $11,500,000
- Property Type
-
Industrial
- Price / Square Foot
- $362
Listing Contacts
Irina Shpyrka
Verified Profile
Ian Keane
Verified Profile
Carrie Welch
Verified Profile
Kelsey Watt
Verified Profile
- Property Info
Property Overview
633 San Juan Avenue in Stockton, CA is a ±31,807 square foot Class A industrial building occupied by Juva Life Inc., one of the world’s most innovative cannabis companies. With a 20-year term in place, acquiring this sale leaseback at 633 San Juan Avenue provides a once-in-a-lifetime opportunity for an investor to get a high return on investment, with the peace of mind of having a successful long-term tenant in place.
633 San Juan Avenue in Stockton, CA is a class A industrial building with a 20-year long-term sale leaseback from a publicly traded tenant. The property is strategically located in the heart of Stockton’s industrial hub, directly across from the Port of Stockton, adjacent to the Department of Homeland Security & Department of Justice, and almost immediately off the W Fremont Street Exit of I-5.
633 San Juan Avenue in Stockton, CA is a class A industrial building with a 20-year long-term sale leaseback from a publicly traded tenant. The property is strategically located in the heart of Stockton’s industrial hub, directly across from the Port of Stockton, adjacent to the Department of Homeland Security & Department of Justice, and almost immediately off the W Fremont Street Exit of I-5.
Property Details
- Class
- B
- Year Built
- 1959
- Stories
- 1
- Property Subtype
- Manufacturing
- Lot Size (sq. ft)
- 83,200 SF
Highlights
- State of the Art Building with high tenant investment into the property
- Long Firm Term with an attractive rent increases resulting in a 12.77% blended cap rate over the term of the 20 year lease
- Minimal owner responsibilities for a very-passive investment
- Four 350 KVA natural gas generators
- Over 450 tons of top-of-the-line AAON HVAC
- Fertigation and filtration systems
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