3 Locations For Sale

Pmz Commercial Is Pleased to Produce the Enclosed Investment Opportunity for The Marengo Center, a Single Story 42,935 Sf Retail Strip Center Located in Stockton, Ca. the Center Consists of 17 Spaces and Is Currently 93.7% Occupied with 1 Vacancy. Also, Ownership Is Occupying a Small 37 4 Sf Suite Free of Rent, Making the Center Effectively 92.8% Occupied. the Site Consists of 4 Buildings, (1) Approx. 10,985 Sf Multi-Tenant Retail Strip, (1) 21,170 Sf Multi-Tenant Retail Strip, with A 13,170 Sf Medium Anchor Space Occupied by A Thrift Store, (1) 7,200 Sf Shop/warehouse Building in The Rear that Is Occupied by A Car Audio Store and Barber Supply Store, and (1) 3,580 Sf Vacant Shop/warehouse Building in The Rear Formerly Occupied by The Vac & Sew Shop, and A Small Warehouse Used by Red Wing Shoes. the Center Is Located on A High Traffic Commercial Corridor, with Over 50,000 Adt. Marengo Center Enjoys a Tenant Mix that Is Ideal for A Retail Strip, Including Restaurant/bar, Professional Services, Hair and Beauty Salons, a Cell Phone Retailer, Thrift Store, and A Car Audio Services Business in The Rear Warehouse. Most Suites Range in Size Between 1,000 Sf and 2,700 Sf, However There Are Also Suites as Small as 375 Sf, and As Large as The Medium Anchor 13,170 Sf Space. Most Suites Also Have Their Own Restrooms, Aside from The Two 375 Sf Suites, One of Which Is Occupied by Ownership, Who Share One Restroom. All Tenants Have Leases Expiring in 2024 or 2025 (one Lease Expires in 2027) Are Paying Well Below Market Rent and Havepmz Commercial Is Pleased to Produce the Enclosed Investment Opportunity for The Marengo Center, a Single Story 42,935 Sf Retail Strip Center Located in Stockton, Ca. the Center Consists of 17 Spaces and Is Currently 93.7% Occupied with 1 Vacancy. Also, Ownership Is Occupying a Small 37 4 Sf Suite Free of Rent, Making the Center Effectively 92.8% Occupied. the Site Consists of 4 Buildings, (1) Approx. 10,985 Sf Multi-Tenant Retail Strip, (1) 21,170 Sf Multi-Tenant Retail Strip, with A 13,170 Sf Medium Anchor Space Occupied by A Thrift Store, (1) 7,200 Sf Shop/warehouse Building in The Rear that Is Occupied by A Car Audio Store and Barber Supply Store, and (1) 3,580 Sf Vacant Shop/warehouse Building in The Rear Formerly Occupied by The Vac & Sew Shop, and A Small Warehouse Used by Red Wing Shoes. the Center Is Located on A High Traffic Commercial Corridor, with Over 50,000 Adt. Marengo Center Enjoys a Tenant Mix that Is Ideal for A Retail Strip, Including Restaurant/bar, Professional Services, Hair and Beauty Salons, a Cell Phone Retailer, Thrift Store, and A Car Audio Services Business in The Rear Warehouse. Most Suites Range in Size Between 1,000 Sf and 2,700 Sf, However There Are Also Suites as Small as 375 Sf, and As Large as The Medium Anchor 13,170 Sf Space. Most Suites Also Have Their Own Restrooms, Aside from The Two 375 Sf Suites, One of Which Is Occupied by Ownership, Who Share One Restroom. All Tenants Have Leases Expiring in 2024 or 2025 (one Lease Expires in 2027), Are Paying Well Below Market Rent, and Have No Current Options to Extend Their Leases, Making This an Ideal Value Add Opportunity for An Investor.