Office
Railroad Square
620 N Aurora St, Stockton, CA 95202
Listing Price: $8,900,000
Investment Overview
Well maintained, fully leased historic Railroad Square mixed use building with additional development potential. New, modern lease in place with anchor local government tenant with full OpEx and Property Tax pass throughs over a 2023 base.
Railroad Square
Investment Highlights
- New 83,848 SF Anchor Tenant Lease--County of San Joaquin (Moody's AA2). This tenant has 25 years+ at the building.
- All leases are well below market.--Average asking market rent is $1.80/SF/Mo. FSG ($21.60/Yr.)
- Further value add potential on adjacent 1.48+/- acre surface parking lot. Strong demand for Affordable Housing in the neighborhood
Listing Price: $8,900,000
Investment Highlights
- New 83,848 SF Anchor Tenant Lease--County of San Joaquin (Moody's AA2). This tenant has 25 years+ at the building.
- All leases are well below market.--Average asking market rent is $1.80/SF/Mo. FSG ($21.60/Yr.)
- Further value add potential on adjacent 1.48+/- acre surface parking lot. Strong demand for Affordable Housing in the neighborhood
Investment Overview
Well maintained, fully leased historic Railroad Square mixed use building with additional development potential. New, modern lease in place with anchor local government tenant with full OpEx and Property Tax pass throughs over a 2023 base.
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