5665 N Pershing Avenue

Description

UPSWING POTENTIAL!!! Price: $1,025,000 ($89.43/SF) 5.93% CAP on Actual Income. PRO FORMA CAP RATE: 18.27% Discover 5665 N Pershing Ave a highly adaptable office asset strategically located in the heart of Stockton's thriving commercial corridor. This multi-tenant property offers exceptional flexibility, accommodating a wide range of uses including medical, retail, beauty, professional office, and creative workspaces. Its versatile layout and strong local demand make it an ideal choice for both owner-users and investors. Investment Highlights: Value-Add Upside: Increase rents to market rates, recover CAMs/HOAs and utilities from Tenants and unlock significant revenue potential. High Visibility Location: Prime frontage along a heavily traveled roadway delivers constant exposure and strong customer reach. Ample Parking: 30 on-site parking spaces provide convenience for both tenants and visitors. Central, Easily Accessible Setting: Close to major arterials, retail amenities, and residential neighborhoodsan attractive draw for businesses of all types. Current Lease Structure: Full-service leases in place, with tenants responsible for their own communications (internet/phone). A rare opportunity to acquire a well-positioned, income-producing property with immediate upside in one of Stockton's most active commercial areas. Available upon request: Rent Roll, P&L, 2022 Phase I Environmental. HIGHLIGHTS: Consists of 3 office buildings 83% occupied Short term leases Smaller office suites are always in high demand Landlord does not currently receive reimbursements for utilities and CAMs, giving this property huge upswing potential Situated along N Pershing Ave, with 23,633 ADT