The subject property is considered a Class A Warehouse/ Distribution/ Manufacturing Facility located in Stockton,CA. Built in 2004 this property has just been leased with a long term and stable NNN tenant. Each year of the lease term the income increases by 3% until the end of the term in 2024. All NNN Expenses are charged directly to the tenant and reimbursed to cover taxes, insurance, and maintenance. Renovations have been made this year. This industrial asset is in good condition. The Building is composed of 58,800 SF with a land area consisting of 178,596 SF or 4.1 acres. With a mix of private offices and warehouse this building also consists of 16 dock high positions ( 9' x 10') and 5 grade level truck doors (12' x 14'). This property utilizes Solar Panels.
Courtesy of Intero Real Estate Services, Devon Stout.
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