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15205009
29831076

628 W Hammer Ln, Stockton, CA 95210

JT
CA 02222330
CBRE - Sacramento
HK
CA 01301753
CBRE - Sacramento
Listed by CBRE - Sacramento
$6,175,000
836 days on market
Updated 2 days ago
Opportunity zone

Pacific Town Center - Michaels & Turner's

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 28,914
Cap Rate 7.48%
NOI $462,172
Occupancy 100%
Tenancy Multi
Price per SqFt $213
Investment Type Net Lease
Tenant Credit Credit Rated

100% Leased Retail

Marketing description

Pacific Town Center is a ±176,830 sq. ft. Power Center located in the heart of the busy Pacific Avenue retail corridor in Stockton, CA, situated at the intersection of W. Hammer Lane—a major connector street between Highway 99 and Interstate 5—and Pacific Avenue. The center is anchored by a Chuze Fitness, Ross, Smart & Final, Michaels, Turner’s, Aaron’s, Skechers and Concentra Urgent Care. Excellent traffic counts, dense population, and strong daytime population make this a great retail opportunity. Pacific Town Center was recently renovated by the new ownership throughout the majority of the Shopping Center

Investment highlights

+ Price: $6,175,000

+ Cap Rate: 7.48%

+ 100% Leased to national tenants

+ A top retail intersection in Stockton

+ Renovation of Pacific Town Center now complete

+ Over 65k ADT traffic counts at the intersection

Listing Contacts

JT
CA 02222330
CBRE - Sacramento
HK
CA 01301753
CBRE - Sacramento
Listed by CBRE - Sacramento

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$462,172.00
$38,514.33/mo

Valuation Metrics

0
DSCR
7.48%
Cap Rate
7.48%
ROI

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Additional Information

Name
Jenni Tabaka
License
02222330
Brokerage
CBRE, Inc
Title
CA
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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