Central Valley Investment Team is pleased to present the rare opportunity to acquire a 100% leased city block located along Stockton's Miracle Mile. The 1700 Block of Pacific Ave is a five (5) tenant, multi-story commercial building with frontage along Stockton's main commercial corridor. The property enjoys street front as well as gated, secured parking in the rear. Anchored by seasoned local tenants, some who have been at the site for over 15 years, the site offers stable cash flow with a value-add opportunity available through tenant repositioning and market rent increases. The Property consists of 22,237 rentable square feet, divided into five (5) spaces ranging from 2,500 SF to 6,900 SF. Tenant lease terms range from month to month to multi year term. Built in 1946, the building includes a subterranean basement level, common for buildings built in that era. The basement square footage is not included in the rentable square footage. There are 6 separate legal parcels.
Courtesy of Colliers Parrish Intenational Inc., .
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