JAKE MAIORINOLIC. [email protected]
TIM BETTENCOURTLIC. [email protected]
100% LEASED OFFICE BUILDING3203 W MARCH LANE, STOCKTON, CA
FOR MORE INFORMATION CONTACT:
JAKE MAIORINOLIC. [email protected]
Investment Highlights
TIM BETTENCOURTLIC. [email protected]
$2,400,000 (5.46% CAP RATE) • 100% LEASED INVESTMENT
• THREE TENANT OFFICE BUILDING
• CORPORATE TENANTS‐WELLS FARGO ADVISORS‐ FIRST AMERICAN TITLE
• LOCATED IN THE DESIRABLE BROOKSIDE COMMUNITY
• IMMEDIATE ACCESS TO INTERSTATE 5
FOR MORE INFORMATION CONTACT:
JAKE MAIORINOLIC. [email protected]
Financial Analysis
TIM BETTENCOURTLIC. [email protected]
Address: 3203 W March Lane, Stockton Base Year 2014‐2015
INCOMEWells Fargo $ 158,112.00 First American $ 77,166.00 Prime Lending $ 34,017.00 CAM Reimbursments $ 37,200.00 Effective Gross Revenue $ 306,495.00
ANNUAL EXPENSES Property Taxes $ (30,145.77)Insurance $ (4,594.00)Operating Expenses $ (117,544.00)Property Management $ (15,000.00)Vacancy (3%) $ (8,105.72)Total Expenses $ (175,389.49)
Net Operating Income $ 131,105.51
PRICE $ 2,400,000.00 Capitalization Rate 5.46%Price Per Square Foot $ 188.77
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
FOR MORE INFORMATION CONTACT:
JAKE MAIORINOLIC. [email protected]
Rent Roll
TIM BETTENCOURTLIC. [email protected]
Tenant Name Suite Size % of SF Occupany
Date Lease Expiration Monthly Base Rent Rent Increase Options
Wells Fargo Advisors 100 6,935 54.54% 7‐Feb‐92 31‐Aug‐16 $ 13,176.00 9/1/15‐8/31/16 ‐ $13,523.25 One 5 Year
First American Title 110 4,287 33.72% 30‐Jun‐18 $ 6,430.50
7/1/15 ‐ 6/30/16 ‐ $6,644.85 7/1/16 ‐ 6/30/17 ‐ $6,859.20 7/1/17 ‐ 6/30/18 ‐ $7,073.55 One 5 Year
Prime Lending 120 1,492 11.74% Month to Month $ 2,834.80
Totals 12,714 100.00% $ 22,441.30
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
FOR MORE INFORMATION CONTACT:
JAKE MAIORINOLIC. [email protected]
Property Information
Location: The property is located at 3203 W March Lane, Stockton, California.
Lot Size: 50,965 square feet or +1.17 acres
Building Size: 12,714 square feet
APN: 116.270.08
Year Built: 1993
Parking: 50 <4.42/1000 SF>
TIM BETTENCOURTLIC. [email protected]
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
FOR MORE INFORMATION CONTACT:
JAKE MAIORINOLIC. [email protected]
About the Area
Located one mile west of the I‐5 and March Lane freeway interchange in Stockton, CA, Brookside Business Park is a pedestrian‐friendly, amenity‐oriented office park with one to four story buildings. Designed as a “Smart Growth” project, it attracts largeand small tenants, as well as corporate users, who like the Brookside community’s mixed use master‐plan that includes a wide range of housing choices, a high quality labor force, and opportunities to walk to and from work. Brookside includes 3,000 homes, a Robert Trent Jones, II par‐72 Championship Golf Course, a pre‐school/day care facility, two public K‐8 schools, one private elementary school, two hotels, five restaurants, two banks, and more than 40 other businesses.The 67.5 acre Brookside Business Park is home to 75 companies featuring:
The Grupe Building (68,000 square foot, multi‐tenant office building) Grupe Real Estate Building (10,620 square foot office building) Allstate Insurance Building (50,376 square foot office building) Charles Schwab & Co. (6,000 square foot office building) Gambro Health Care (19,125 square foot health care facility) Somerford Place (26,724 square foot assisted living facility) State Compensation Insurance Fund (75,000 square foot regional center) Wachovia (13,000 square foot building) Medical, dental and professional corporations (10,898 and 29,250 square foot buildings) National University (50,000 square foot with office space) EMMI Building (33,000 square foot office building) St. Joseph’s Medical Building (25,000 square foot health center) Marriott Courtyard and Residence Inn
TIM BETTENCOURTLIC. [email protected]
FOR MORE INFORMATION CONTACT:
JAKE MAIORINOLIC. [email protected]
Photos
TIM BETTENCOURTLIC. [email protected]
FOR MORE INFORMATION CONTACT:
JAKE MAIORINOLIC. [email protected]
Aerial
TIM BETTENCOURTLIC. [email protected]
