For Sale
$850,000

4568 Feather River DrStockton, CA 95219

Fully Leased, Recently Renovated Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, 2,150 square foot Class C medical office condominium located at 4568 Feather River Dr Ste D, Stockton, CA 95219. The property, built in 1987 and extensively renovated in 2023, boasts a 100% occupancy rate with a single tenant under a triple-net (NNN) lease. The current lease commenced February 1, 2023, and expires January 31, 2026, with five one-year lease options and 3% annual rent bumps. The asking price is $850,000, representing a compelling $395.35 per square foot and a 6.00% capitalization rate based on a net operating income (NOI) of $51,000. The property features a highly functional floor plan including multiple treatment rooms, a surgery room, doctor's office, reception area, breakroom, storage, and two ADA-compliant restrooms. Situated in the Feather-March Office Park in Brookside, this prime location offers convenient access to Interstate 5 via W March Lane and proximity to various restaurants, businesses, hotels, and retail establishments. The condominium association (COA) maintains common areas, parking, insurance, roof, exterior, landscaping, and trash removal, minimizing landlord responsibilities. On-site parking and an elevator are also available. The property is zoned for commercial office use and features a fee-simple ownership structure. This is a turnkey investment opportunity with strong cash flow and significant upside potential.

Highlights

  • NNN lease, minimal landlord responsibilities.
  • Professionally maintained medical/office condo, fully renovated in 2023.
  • On-site parking and elevator.
  • Two ADA-compliant restrooms.
  • HOA handles common area maintenance, including parking, insurance, roof, exterior, landscaping, and trash.
  • Excellent freeway access via I-5 (W March Lane).

Property Details for 4568 Feather River Dr

Property type
Office properties, Medical offices
Square Feet
2,150 SF
Class
C
Year Built/Renovated
1987/2023
Buildings
1
Units
1

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.983075751242
Longitude
-121.34711672845
4568 Feather River Dr, Stockton, California

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4568 Feather River Dr
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