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5665 N Pershing AVE Stockton, CA 95207
0.79 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225151332
HOA Y/N No
Year Built 1977
Lot Size 0.790 Acres
Acres 0.79
Property Sub-Type Office
Source MLS Metrolist
Property Description
UPSWING POTENTIAL!!! Price: $1,025,000 ($89.43/SF) 5.93% CAP on Actual Income. PRO FORMA CAP RATE: 18.27% Discover 5665 N Pershing Ave a highly adaptable office asset strategically located in the heart of Stockton's thriving commercial corridor. This multi-tenant property offers exceptional flexibility, accommodating a wide range of uses including medical, retail, beauty, professional office, and creative workspaces. Its versatile layout and strong local demand make it an ideal choice for both owner-users and investors. Investment Highlights: Value-Add Upside: Increase rents to market rates, recover CAMs/HOAs and utilities from Tenants and unlock significant revenue potential. High Visibility Location: Prime frontage along a heavily traveled roadway delivers constant exposure and strong customer reach. Ample Parking: 30 on-site parking spaces provide convenience for both tenants and visitors. Central, Easily Accessible Setting: Close to major arterials, retail amenities, and residential neighborhoodsan attractive draw for businesses of all types. Current Lease Structure: Full-service leases in place, with tenants responsible for their own communications (internet/phone). A rare opportunity to acquire a well-positioned, income-producing property with immediate upside in one of Stockton's most active commercial areas. Available upon request: Rent Roll, P&L, 2022 Phase I Environmental. HIGHLIGHTS: Consists of 3 office buildings 83% occupied Short term leases Smaller office suites are always in high demand Landlord does not currently receive reimbursements for utilities and CAMs, giving this property huge upswing potential Situated along N Pershing Ave, with 23,633 ADT
Location
State CA
County San Joaquin
Area 20704
Direction Pershing Ave
Location Details Professional Complex
Interior
Heating Central
Cooling Central
Flooring Vinyl, Varies by Unit
Exterior
Parking Features Private, Visitor
Utilities Available Sewer Connected
Water Access Desc Public
Roof Type Flat,Tile
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 108-070-49
Special Listing Condition None
Listed by PMZ Commercial Real Estate