For Sale
$5,220,000

701 Stockton StLodi, CA 95240

101,250 SF Warehouse, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add opportunity presents a portfolio of six industrial buildings totaling approximately 101,250 square feet situated on 5.59 acres in Lodi, California. The property, comprised of five warehouse buildings and one commercial building, is currently 44% occupied with short-term leases, offering significant upside potential for increased occupancy and rental income. Built in 1940, the buildings are zoned M (Industrial) by the City of Lodi and benefit from a prime location near Highway 99 and Turner Road, providing excellent access to major transportation routes. The asking price is $5,220,000, translating to an attractive price per square foot of $51.56. This distressed sale presents a unique chance to acquire a substantial industrial property with potential for high-density residential redevelopment, given its location and size. The property's APN numbers are 041-240-030 and 041-240-480. This is a rare chance to acquire a significant industrial holding in a growing area, offering both immediate income and long-term development possibilities. The property's strategic location and substantial size make it an ideal investment for owner-users or value-add investors seeking a substantial return. The existing lease agreements provide immediate cash flow, while the vacant space presents a clear path to increase profitability. The potential for residential redevelopment adds another layer of long-term value to this already compelling investment.

Highlights

  • Receivership sale offering significant value-add potential.
  • Six-building portfolio totaling ±101,250 square feet on ±5.59 acres.
  • 44% occupancy with short-term leases; significant upside in lease-up potential.
  • Prime location near Highway 99 and Turner Road.
  • High-density residential redevelopment opportunity.

Property Details for 701 Stockton St

Property type
Warehouses, Industrial properties
Square Feet
101,250 SF
Year Built
1940
Buildings
6
Lot Size (sq. ft)
243,500 SF

Location Insight

City
Lodi
County
San Joaquin
State
California
Latitude
38.14282106124
Longitude
-121.26870990321
701 Stockton St, Lodi, California

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701 Stockton St
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