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Office Medical

1901 W Kettleman Ln

1901 W Kettleman Ln, Lodi, CA 95242

Listing Price: $6,500,000

Cap Rate
7.25%
Gross SF
20,793
Rentable SF
20,793
Price/Gross SF
$312.61
Year Built
2003
Lot Size
0.46 acres

Investment Overview

1901 W Kettleman Ln offers a unique opportunity to acquire a prime concrete and steel office/medical building with stability in term. The property is extremely well located on the most highly trafficked thoroughfare in Lodi, West Kettleman Ln. The building is one of three multi-tenant office/medical buildings in this complex, developed and built by the current owner. The subject building is approximately 20,758 leasable square feet and consists of six separate condominium assessors parcels, two of which are common area. This building contains four suites of which three are currently occupied. There are also two other adjacent condominium buildings that are not part of this offering, but were constructed by the same developer, which encompass approximately 29,000 square feet combined, occupied by approximately 25 businesses total. Most of the occupants are primarily medical/office and are owner/users. These condominium buildings are not part of the offering, but they share a parking lot with the subject property. All three buildings fall under the purview of the Owners Association, which is controlled by the seller of the subject property. The fourth building which is also for sale by the same owner and listed separately by Marcus & Millichap, is a 12,100 square foot, fee simple, three tenant office building. It sits directly across South Mills Ave from the subject property. The address of the adjacent property is 1949 W Kettleman Ln and it is on a parcel that is 55,757 square feet with a sale price of $2,200,000.

The dynamic location includes an Adventist Health Satellite location and is 1.2 miles from Adventist Health primary hospital. The subject property is also within very close proximity to approximately 1 million square feet of retail services, including at least 50 unique national businesses, within a mile.

Investment Highlights

  • All suites were renovated in early 2019
  • Extremely well-maintained with substantially new roof and HVAC system
  • 3 diverse tenants
  • Abundant parking lot surrounds the property
  • Modern steel frame building on highest trafficked street in Lodi

Exclusively Listed By

Office Medical

1901 W Kettleman Ln

Listing Price: $6,500,000

Cap Rate
7.25%
Gross SF
20,793
Rentable SF
20,793
Price/Gross SF
$312.61
Year Built
2003
Lot Size
0.46 acres

Investment Highlights

  • All suites were renovated in early 2019
  • Extremely well-maintained with substantially new roof and HVAC system
  • 3 diverse tenants
  • Abundant parking lot surrounds the property
  • Modern steel frame building on highest trafficked street in Lodi

Investment Overview

1901 W Kettleman Ln offers a unique opportunity to acquire a prime concrete and steel office/medical building with stability in term. The property is extremely well located on the most highly trafficked thoroughfare in Lodi, West Kettleman Ln. The building is one of three multi-tenant office/medical buildings in this complex, developed and built by the current owner. The subject building is approximately 20,758 leasable square feet and consists of six separate condominium assessors parcels, two of which are common area. This building contains four suites of which three are currently occupied. There are also two other adjacent condominium buildings that are not part of this offering, but were constructed by the same developer, which encompass approximately 29,000 square feet combined, occupied by approximately 25 businesses total. Most of the occupants are primarily medical/office and are owner/users. These condominium buildings are not part of the offering, but they share a parking lot with the subject property. All three buildings fall under the purview of the Owners Association, which is controlled by the seller of the subject property. The fourth building which is also for sale by the same owner and listed separately by Marcus & Millichap, is a 12,100 square foot, fee simple, three tenant office building. It sits directly across South Mills Ave from the subject property. The address of the adjacent property is 1949 W Kettleman Ln and it is on a parcel that is 55,757 square feet with a sale price of $2,200,000.

The dynamic location includes an Adventist Health Satellite location and is 1.2 miles from Adventist Health primary hospital. The subject property is also within very close proximity to approximately 1 million square feet of retail services, including at least 50 unique national businesses, within a mile.

Exclusively Listed By

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