Investment Overview

The Belding Building presents a rare opportunity to acquire one of Downtown Stockton’s most recognizable historic properties. The five-story, ±22,018-square-foot building combines distinctive early twentieth-century architecture with a prominent location in the heart of Stockton’s business district. Built in 1915, the property offers identity that cannot be replicated through new construction, creating an attractive platform for an owner-user, investor, or organization seeking a visible downtown presence. The property benefits from a diverse mix of office, coworking, and restaurant tenancy, providing meaningful in-place income from day one. Based on the current pro forma, the building generates approximately $295,920 in scheduled annual base revenue, before vacancy, and approximately $177,206 in net operating income. At the asking price, this equates to an approximate 6.2% going-in capitalization rate, offering an incoming buyer immediate cash flow with the potential to improve performance through active management, future leasing, and expense efficiencies. For an owner-user, the Belding Building provides the ability to establish a headquarters while retaining income from other portions of the property. The upper floors offer flexible office configurations that can accommodate a single larger occupant or multiple smaller users over time. This structure allows a buyer to offset a significant portion of its occupancy costs with revenue, while controlling a highly visible and architecturally significant downtown asset. The building can deliver ±13,410 sq. ft. across floors 2 through 4. The building is directly across from the Superior Court of California, County of San Joaquin, and adjacent to Cityowned public parking, creating a compelling location for legal, governmental, professional-service, and nonprofit users. The ground-floor presence of Cast Iron Trading Co., further activates the property. With its combination of historic character, existing income, occupancy flexibility, and an asking price of approximately $128 per square foot, 110 N. San Joaquin Street is a strong value opportunity in the heart of Downtown Stockton.