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Warehouse

611 W Fremont St

611 W Fremont St, Stockton, CA 95203

Listing Price: $4,490,000

Lot Size
1.39 acres
Year Built
1933
Rentable SF
45,000

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 611 West Fremont Street in Stockton, California. The property is comprised of a ±45,000-square foot, six-unit industrial asset on a 1.39-acre fenced and gated lot. The property presents a rare opportunity for prospective investors seeking an infill multi-tenant industrial investment with redevelopment potential or for owner-users seeking an ideal warehouse/manufacturing facility in an exceptionally convenient location. The property is located only a few blocks from the Stockton Arena, Downtown Stockton, and within minutes of Interstate 5 and Highway 4 (providing access to Highway 99). Additionally, the property is located in close proximity to the Port of Stockton, the Stockton Metropolitan Airport, and rail-line service. The building is currently subdivided into six units ranging in size from ±5,000 to ±15,000-square feet. The building features 800-amp/440v three-phase service and 16' to 20' clear heights. The seller has been utilizing the property for their own purposes, but has recently decided to entertain proposals to lease a portion of the space, resulting in signing a five-year Triple Net lease for the ±5,000-square foot end-cap space at $0.65 per square foot (monthly). Strong interest from prospective tenants highlights the increased demand for industrial space that the City of Stockton is experiencing, as well as the potential for achieving above-market returns. The City of Stockton's industrial submarket has become one of the most active in Northern California, with strong demand drivers and expected positive absorption of 10-million square feet of space for 2022 (which is more than double the positive absorption in 2021). These factors will continue to bode well for industrial assets in the region, especially those located in close proximity to Stockton's transportation and logistics infrastructure.

Investment Highlights

  • Investment or Owner-User Opportunity Offered at $99.78 Per Square Foot
  • Six (6) Units Ranging From ± 5,000 to ± 15,000-Square Feet In Size
  • New Ownership Can Occupy or Lease up to ± 40,000 Square Feet of Space
  • Recent Lease for 5,000 Square Feet Executed At $0.65/Square Foot (NNN)
  • Located in Close Proximity to Interstate 5, Highway 99, Downtown Stockton, the Port of Stockton, Rail-Line Service, and the Stockton Metropolitan Airport
  • Industrial and High-Density Residential Zoning Allows for a Variety of Different Uses

Exclusively Listed By

Warehouse

611 W Fremont St

Listing Price: $4,490,000

Lot Size
1.39 acres
Year Built
1933
Rentable SF
45,000

Investment Highlights

  • Investment or Owner-User Opportunity Offered at $99.78 Per Square Foot
  • Six (6) Units Ranging From ± 5,000 to ± 15,000-Square Feet In Size
  • New Ownership Can Occupy or Lease up to ± 40,000 Square Feet of Space
  • Recent Lease for 5,000 Square Feet Executed At $0.65/Square Foot (NNN)
  • Located in Close Proximity to Interstate 5, Highway 99, Downtown Stockton, the Port of Stockton, Rail-Line Service, and the Stockton Metropolitan Airport
  • Industrial and High-Density Residential Zoning Allows for a Variety of Different Uses

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 611 West Fremont Street in Stockton, California. The property is comprised of a ±45,000-square foot, six-unit industrial asset on a 1.39-acre fenced and gated lot. The property presents a rare opportunity for prospective investors seeking an infill multi-tenant industrial investment with redevelopment potential or for owner-users seeking an ideal warehouse/manufacturing facility in an exceptionally convenient location. The property is located only a few blocks from the Stockton Arena, Downtown Stockton, and within minutes of Interstate 5 and Highway 4 (providing access to Highway 99). Additionally, the property is located in close proximity to the Port of Stockton, the Stockton Metropolitan Airport, and rail-line service. The building is currently subdivided into six units ranging in size from ±5,000 to ±15,000-square feet. The building features 800-amp/440v three-phase service and 16' to 20' clear heights. The seller has been utilizing the property for their own purposes, but has recently decided to entertain proposals to lease a portion of the space, resulting in signing a five-year Triple Net lease for the ±5,000-square foot end-cap space at $0.65 per square foot (monthly). Strong interest from prospective tenants highlights the increased demand for industrial space that the City of Stockton is experiencing, as well as the potential for achieving above-market returns. The City of Stockton's industrial submarket has become one of the most active in Northern California, with strong demand drivers and expected positive absorption of 10-million square feet of space for 2022 (which is more than double the positive absorption in 2021). These factors will continue to bode well for industrial assets in the region, especially those located in close proximity to Stockton's transportation and logistics infrastructure.

Exclusively Listed By

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