For Sale
$3,345,000

321 Weber AveStockton, CA 95202

Triple-net leased school; strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 23,336 square foot, four-story commercial building located at 321 E Weber Ave, Stockton, CA 95202. Currently leased to a charter school tenant under a triple-net lease expiring June 1, 2025, with a remaining lease term of 0.5 years and rent bumps included. The property boasts a 0.86% cap rate and a net operating income (NOI) of $28,644. The asking price is $3,345,000, translating to $143.34 per square foot and $557,500 per unit (6 units total). Built in 1945, the building features a 15-foot ceiling height and underwent interior remodeling in 2016. Situated on a 0.107-acre lot, the property benefits from its prime downtown location with high foot traffic and is zoned for commercial use. The APN is 139-120-14. This turnkey investment property offers a stable income stream and is well-suited for 1031 exchange purposes. The property's strong fundamentals and location make it an attractive opportunity for discerning investors seeking consistent cash flow and long-term appreciation potential.

Highlights

  • $3,345,000 asking price for a 23,336 square foot special purpose property.
  • 0.86% cap rate with a $28,644 annual NOI.
  • Located in downtown Stockton, CA at 321 E Weber Ave, this property features a 15' ceiling height.
  • The building, constructed in 1945, is a four-story structure on a 0.107-acre lot and includes six units.
  • Currently leased to a charter school tenant with a lease expiring June 1, 2025 (0.5 years remaining).

Property Details for 321 Weber Ave

Property type
Specialty properties, Schools
Square Feet
23,336 SF
Year Built
1945
Buildings
1
Stories
4
Lot Size (sq. ft)
4,661 SF
Units
6

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.9545906
Longitude
-121.2868627
321 Weber Ave, Stockton, California

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321 Weber Ave
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