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Warehouse

5 Star Marina Industrial Complex

345 N Yosemite St, 404 N San Jose St, 1048 W Fremont St, Stockton, CA 95203

Listing Price: $7,250,000

Cap Rate
6.28%
Gross SF
102,667
Price/Gross SF
$70.62
Lot Size
3.48 acres
Year Built
1982
Rentable SF
102,667

Investment Overview

Marcus & Millichap is pleased to present the 5 Star Marina Industrial Complex, a rare opportunity to purchase a 10 building ±102,667-square foot industrial portfolio which includes a successful absentee-run boat storage facility offering strong in-place returns of 6.28 percent on in-place rents. The property is located in a highly strategic and irreplaceable location along the Sacramento-San Joaquin Delta and also offers freeway visibility. Additionally, the property is conveniently located in close proximity to Interstate 5, Highway 99, the Port of Stockton, and Downtown Stockton.

Investment Highlights

  • Opportunity to Continue Running the Boat Storage Business as an Absentee Owner while Achieving a Conservative 6.28% Cap Rate on Existing Scheduled Rents with Rental Upside and Redevelopment Potential
  • Additional Income from Seven Other Tenants who only Occupy 32 Percent of the Gross Leasable Space
  • Ten Buildings Totaling ±102,667-Square Feet Offered at Only $70 Per Square Foot
  • 3.5-Acres of Land Located in One of the Gateways to Downtown Stockton and Located Close to Interstate 5 and Highway 99
  • Facility Provides Access to the Delta's Deep Water Channel Through Boat Ramp Access and Dry Dock Facility

Exclusively Listed By

Listing Price: $7,250,000

Cap Rate
6.28%
Gross SF
102,667
Price/Gross SF
$70.62
Lot Size
3.48 acres
Year Built
1982
Rentable SF
102,667

Investment Highlights

  • Opportunity to Continue Running the Boat Storage Business as an Absentee Owner while Achieving a Conservative 6.28% Cap Rate on Existing Scheduled Rents with Rental Upside and Redevelopment Potential
  • Additional Income from Seven Other Tenants who only Occupy 32 Percent of the Gross Leasable Space
  • Ten Buildings Totaling ±102,667-Square Feet Offered at Only $70 Per Square Foot
  • 3.5-Acres of Land Located in One of the Gateways to Downtown Stockton and Located Close to Interstate 5 and Highway 99
  • Facility Provides Access to the Delta's Deep Water Channel Through Boat Ramp Access and Dry Dock Facility

Investment Overview

Marcus & Millichap is pleased to present the 5 Star Marina Industrial Complex, a rare opportunity to purchase a 10 building ±102,667-square foot industrial portfolio which includes a successful absentee-run boat storage facility offering strong in-place returns of 6.28 percent on in-place rents. The property is located in a highly strategic and irreplaceable location along the Sacramento-San Joaquin Delta and also offers freeway visibility. Additionally, the property is conveniently located in close proximity to Interstate 5, Highway 99, the Port of Stockton, and Downtown Stockton.

Exclusively Listed By

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