3247 March LnStockton, CA 95219

Property Details for 3247 March Ln

Year built

1991

Lot size

3.08 AC

Property size (Sq ft)

74,589 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

116-270-030-000

APU

116270030000

Description

This exceptional Class A executive office building, located at 3247 West March Lane in Stockton, California, 95219, offers 75,000 square feet of premium office space. Currently, 3,615 square feet is available for lease. Situated on approximately 3 acres within the Brookside Business Park, this prominent building is the largest in the park, boasting a prime location just one mile west of the Interstate 5 and March Lane interchange. Originally designed by Lynn T. Lohr, AIA, and constructed in 1992 as a build-to-suit for State Compensation Insurance Fund by The Grupe Commercial Company, the property underwent recent renovations, enhancing its appeal as a premier location in Northwest Stockton. The building features ample parking with a 4:1,000 ratio, accommodating tenants and visitors. The building's multiple tenancy structure provides flexibility for businesses of various sizes. This property represents a unique opportunity to secure high-quality office space in a thriving business park, benefiting from excellent freeway access and modern amenities. The 67.5-acre Brookside Business Park provides a well-established and desirable business environment. This is a rare opportunity to lease space in a meticulously maintained, Class A building.

• CAP approach

  CAP return

  Valuation

  6%

  $12,547,996

  6.5%

  $11,582,765

  7%

  $10,755,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,649,817

  Geo Method

  $10,649,817

• Alternative Use

  Use

  Valuation

  Residential

  $14,362,629

  Hospitality

  $13,156,091

  Educational

  $10,945,713

  Medical

  $11,322,153

  Retail

  $17,026,664

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9856

Longitude

-121.354

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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