For Sale
$10,500,000

633 San Juan AveStockton, CA 95203

Class A Industrial, 31,807 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A industrial property, located at 633 San Juan Avenue in Stockton, California, presents a compelling investment opportunity. The 31,807-square-foot building sits on a 1.91-acre lot (APN 133-380-03) and is currently 100% occupied under a 20-year sale-leaseback agreement. The tenant, a publicly traded leading cannabis company, Juva Life, has invested significantly in this state-of-the-art cultivation and distribution facility. The lease is a single-tenant, absolute NNN structure, minimizing owner responsibilities and maximizing passive income. This translates to a blended cap rate of 12.77% over the 20-year lease term, featuring attractive rent increases built into the agreement. The asking price for this exceptional property is $10,500,000. This is a rare chance to acquire a high-performing, low-maintenance industrial asset with a long-term, secure income stream. The property is zoned for distribution, warehouse, and manufacturing uses. The property's location in Stockton, CA, within San Joaquin County, zip code 95203 (37.9545605, -121.3214715), offers excellent access to transportation networks.

Highlights

  • Publicly traded tenant; single-tenant, absolute NNN sale-leaseback.
  • State-of-the-art, 31,807 SF industrial building with significant tenant improvements.
  • 20-year lease with attractive rent increases yielding a 12.77% blended cap rate.
  • Minimal owner responsibilities; passive investment opportunity.
  • 12.77% blended cap rate.
  • Asking price: $10,500,000.

Property Details for 633 San Juan Ave

Property type
Warehouses, Industrial properties
Square Feet
31,807 SF
Class
A
Lot Size (sq. ft)
83,200 SF

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.9545605
Longitude
-121.3214715
633 San Juan Ave, Stockton, California

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633 San Juan Ave
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