For Sale
$8,900,000

620 Aurora StStockton, CA 95202

Prime Stockton Office, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional three-story executive office building, located at 620 N Aurora St, Stockton, CA 95202, presents a compelling investment opportunity. Boasting 126,000 square feet, including 112,382 square feet of net rentable space, the property enjoys 100% occupancy and a strong 10.00% capitalization rate. Built in 1990 and extensively renovated in 1995 and 2018 (including a new roof in 2018), this fee-simple property sits on a sizable lot ranging from 1.48 to 2.07 acres and offers ample parking with 198 spaces. The building features original oak timbers, high ceilings with exposed brick, adding to its unique character. Elevator systems are a key highlight, including two passenger elevators (2,200 lbs capacity each) and one freight elevator (6,000 lbs capacity). Significantly, the main passenger elevator underwent a complete overhaul in January 2024, encompassing motor, hydraulics, and cab renovation, at a cost of $196,000. Further enhancing the property's functionality, $30,000 was invested in electrical and alarm system upgrades. The property is zoned IL (Industrial Limited) and features APN numbers 151-080-460 and 151-080-430. The asking price is $8,900,000. This is a rare opportunity to acquire a high-performing, well-maintained office building in a desirable Stockton location.

Highlights

  • Original oak timbers and high ceilings with exposed brick.
  • New roof installed in 2018.
  • Two 2,200 lb passenger elevators and one 6,000 lb freight elevator.
  • Main passenger elevator completely renovated in January 2024 ($196,000).
  • $30,000 invested in electrical and alarm system upgrades.

Property Details for 620 Aurora St

Property type
Office properties
Square Feet
126,000 SF
Year Built/Renovated
1990/1995
Stories
3
Lot Size (sq. ft)
64,469 SF

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.9609402
Longitude
-121.2800315
620 Aurora St, Stockton, California

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620 Aurora St
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