Scottish Rite Masonic
Center of Stockton
33 West Alpine Avenue
Stockton, California
Confidential Offering Memorandum
presented by
Dan Bacani
NAI Capital
tel +1 626 204 1525
cell +1 626 242 7790
fax +1 626 628 3022
NAI Capital (“Broker”) has been retained by the Seller
of the Scottish Rite Masonic Center in Stockton,
California (“Property”) as the exclusive broker for this
sale opportunity.
This Offering Memorandum has been prepared by
Broker for use by the principal (“Principal”) to whom
Broker has provided this Offering Memorandum. The
use of this Offering Memorandum and the information
provided herein is subject to the terms, provisions
and limitations of the Confidentiality Agreement
furnished by Broker and executed by Principal prior
to delivery of this Offering Memorandum. Although
the information contained herein is based upon
sources believed to be reasonably reliable, Owner
and Broker, on their own behalf, and on behalf of
their respective officers, employees, shareholders,
partners, directors, members and affiliates, disclaim
any responsibility or liability for inaccuracies,
representations and warranties (expressed or
implied) contained in, or omitted from, the Offering
Memorandum or any other written or oral
communication or information transmitted or made
available to the recipient
3
of this Offering Memorandum. In amplification of and
without limiting the foregoing, summaries contained
herein of any legal or other documents are not
intended to be comprehensive statements of the
terms of such documents but rather only outlines of
some of the principal provisions contained therein,
and no representations or warranties are made as to
the completeness and/or accuracy of the projections
contained herein. Prospective purchasers of the
Property should make their own investigations and
conclusions without reliance upon this Offering
Memorandum, the information contained herein or
any other written or oral communication or
information transmitted or made available. Additional
information and an opportunity to inspect the
Property will be made available upon written request
by interested and qualified prospective purchasers.
Owner expressly reserves the right, exercisable in
Owner’s sole and absolute discretion, to withdraw the
Property from being marketed for sale at any time
and for any reason. Owner and Broker each
expressly reserves the right, exercisable in their sole
and absolute discretion, to reject any and all
expressions of interest or offers regarding the
Property and/or to terminate discussions with any
entity at any time with or without notice. Broker is not
authorized to make any representations or
agreements on behalf of Owner. Owner shall not
have any legal commitment or obligation to any entity
reviewing this Offering Memorandum or making an
offer to purchase the Property unless and until a
written agreement for the purchase and sale of the
Property has been fully executed, delivered and
approved by Owner and the other party thereto and
any conditions to Owner’s obligations hereunder
have been satisfied or waived. If you have no interest
in the Property at this time, return this Offering
Memorandum immediately to:
NAI Capital
225 South Lake Avenue, Suite 1170
Pasadena, California
tel +1 626 204 1525
fax +1 626 628 3022
www.naicapital.com
Disclaimer
The Scottish Rite Creed“Human progress is our cause, liberty of thought our supreme wish,
freedom of conscience our mission, and the guarantee of equal rights to all people everywhere our ultimate goal.”
6 Section 01
Executive Summary
11 Section 02Property Information
16 Section 03Potential Uses
22 Section 04Call for Offers Deadline
Table of
Contents
Located in Stockton, California, the Scottish Rite Masonic Center is an iconic
specialty property whose main structure features an architecturally interesting design.
The subject property resides on a spacious, four-and-a-half acre lot. A 950-seat
auditorium, a banquet room with up to 14’ clear height and a commercial kitchen are
a few of this special property’s amenities.
University of the Pacific and its sprawling 175-acre campus is presently home to over
7,000 faculty, staff and students and is adjacent to the Pacific Manor neighborhood of
Stockton where the subject property resides.
The Scottish Rite Masonic Center provides a visionary investor with a rare opportunity
to acquire a unique and architecturally significant asset in an outstanding location with
a number of potential uses including high density residential, student housing and
commercial possibilities.
The property is intended to be delivered vacant by close of escrow with over 36,000
square feet of improved real estate between two structures. The highly unique nature
of the property and the number of redevelopment possibilities allowed by zoning has
motivated Ownership to initiate a call for offers from qualified and serious buyers.
Offers are due no later than 5 p.m. on June 23, 2017.
Offerors and/or their representatives should contact the Listing Broker prior to
any submissions for additional pertinent information.
Executive
Summary
6
Scottish Rite
Masonic Center
of Stockton
The city of Stockton, California was
built during the famed California Gold
Rush. The city’s seaport served as a
gateway to the Central Valley where it
provided convenient access for area
commerce. University of the Pacific
(UOP), one of the oldest centers for
higher learning, was first chartered in
1851 and has been located in Stockton
since 1923.
By 2016, Stockton’s population rose to
315,592 making the municipality the
13th largest in the state and 63rd
largest city in the country.
St. Joseph’s Medical Center, OG
Packing, Diamond Foods, Dameron
Hospital, North California Youth
Center and University of the Pacific
are amongst the city’s largest
employers.
Currently, a fledgling tech sector is
being incubated by city officials and
business leaders. Recent creative
office and millennial friendly mixed-use
projects in the Downtown along with
the backing from local politicians of a
polytechnic university in Stockton is
promising to reshape the economic
landscape of this San Joachin County
community.
1 Executive Summary
About
Stockton, California
Property
Information
8
Overview
Address
33 West Alpine Avenue
Stockton, California
Property APN#
115-130-10
Year Constructed
1959 / 1992
2016 Assessed Market Value
$2,271,654
Property Description
The property consists of two buildings
collectively measuring 36,760 square feet
(33,309 sq. ft. and 3,451 sq. ft.) per
architect on 4.52 acres
Parking
Approximately 290 uncovered surface stalls
Zoning
CO (Commercial, Office)
Amenities
Auditorium: Stage with 950-seat
capacity and 29’ clear height
Kitchen: 10’ 7” hood
Banquet Room: 11’ to 14’ clear height
Permitted Uses
Offices
Museums
Religious Facilities
Assisted Living
Senior Residential
Medical Related
Multifamily
2 Property Information
9
Property
Amenities
• Iconic Property
• Spectacular Auditorium
• Excellent Location
• Commercial Kitchen
• Banquet Hall
• Numerous Meeting Rooms and
Offices
• Medical Development Potential
• Residential Development Potential
• Over 8:1,000 Parking Ratio
• Minutes from Downtown Stockton
• Near University of the Pacific
• Variety of Permitted Uses
10
11
2
12
Property
Site Plan
Property Information
2
13
Property
Plat Map
Property Information
2 Property Information
14
Property
Aerial Photo
2 Property Information
15
Property
Area Map
Potential Uses
17
City of Stockton
Highest & Best Use
CO (Commercial, Office) District. The CO zoning district is intended to be a transitional area between residential and general commercial uses. The primary uses in this district include offices, incidental retail and/or residential in conjunction with an office, and other compatible uses. Allowable densities for residential units in conjunction with an office may be up to 29 dwelling units per net acre. Other residential density may be up to 17.4 dwelling units per net acre; minimum density is 8.8 dwelling units per net acre. The CO zoning district is consistent with the administrative-professional land use designation of the General Plan.
Prospective buyers are solely responsible for verifying zoning regulations and
development standards for their intended use. The following information is
provided as a guideline only.
- Stockton Municipal Code, Charter, and Civil Service Rules
17
3 Potential Uses
General Class Subcategory Requirements
Business and Professional
Banks & Financial Services
Permitted
Business and Professional
Offices Permitted
Recreation,Education & Public Assembly
Activity Centers Administrative Use Permit
Recreation,Education & Public Assembly
Clubs, Lodges & Private Meeting Halls
Permitted
Recreation,Education & Public Assembly
Academic Schools -Private
Administrative Use Permit
Recreation,Education & Public Assembly
Colleges & Universities -Private
Commission UsePermit
18
3 Potential Uses
General Class Subcategory Requirements
Recreation,Education & Public Assembly
Specialized Education & Training
Administrative Use Permit
Recreation,Education & Public Assembly
Libraries & Museums
Permitted
Recreation,Education & Public Assembly
Live Entertainment Permitted
Recreation,Education & Public Assembly
Golf Courses & Country Clubs
Commission Use Permit
Recreation,Education & Public Assembly
Parks & Playgrounds
Permitted
19
3 Potential Uses
General Class Subcategory Requirements
Recreation,Education & Public Assembly
Religious Facilities Permitted
Recreation,Education & Public Assembly
Studios Permitted
Residential Caretaker & Employee Housing
Permitted
Residential Organizational Houses
Administrative UsePermit
Residential Assisted Living Permitted
Residential Senior Care Facilities (Over 7 Clients)
Administrative Use Permit
20
3 Potential Uses
General Class Subcategory Requirements
Residential Senior ResidentialProjects
Permitted
Residential Townhouses Permitted
Retail Trade Artisan Shops Permitted
Retail Trade Furniture, Furnishings &Appliance Stores
Commission UsePermit
Retail Trade Nurseries & Garden Supply Stores
Commission UsePermit
Retail Trade Restaurants Permitted
Retail Trade Retail Stores Permitted
Services Adult Day Care Permitted
Services Kennel & Barding Facilities
Administrative Use Permit
21
3 Potential Uses
General Class Subcategory Requirements
Services Funeral Homes Administrative Use Permit
Services Bed & Breakfast Permitted
Services Hotels & Motels Permitted
Medical Services Ambulance Administrative Use Permit
Medical Services Clinics & Laboratories
Permitted
Medical Services Extended Care Permitted
Medical Services Health Related Permitted
Medical Services Medical Related Permitted
Medical Services Hospitals Commission Use Permit
Services Emergency Shelter Commission Use Permit
Contact
22
Call for Offers
Submission Deadline
Dan Bacani, Senior Vice President BRE License #01385413 Tel 626 204 1525 Cel 626 242 7790Fax 626 628 3022 [email protected]
Seller will accept offers from sincere and qualified
buyers no later than 5:00 p.m. PDT on June 23,
2017. Prospective buyers and/or their
representatives are required to contact Listing
Broker prior to submission for pertinent information
regarding the subject property. Please do not
disturb the current occupants and direct all
inquiries/ correspondences regarding the sale of
the property to the Listing Broker:
225 South Lake Ave. Suite 1170
Pasadena, CA 91101
+1 626 204 1525
naicapital.com