620 Aurora StStockton, CA 95202

Property Details for 620 Aurora St

Lot size

2.07 AC

Property size (Sq ft)

86,976 SF

Zone code

N

Property type

Office properties

Property subtype

Office buildings

APN

151-080-460-000

APU

151080460000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $14,631,842

  6.5%

  $13,506,316

  7%

  $12,541,579

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,418,433

  Geo Method

  $12,418,433

• Alternative Use

  Use

  Valuation

  Residential

  $16,747,831

  Hospitality

  $15,340,924

  Educational

  $12,763,468

  Medical

  $13,202,424

  Retail

  $19,854,284

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9611

Longitude

-121.28

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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