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22325638
22325639

709 N Sacramento St, Lodi, CA 95240

DR
CA 02127346
Rotner and Associates
Listed by Rotner and Associates
$2,200,000
442 days on market
Updated 181 days ago

Sacramento Street Buildings

Details
APN 041-180-11, 041-180-28,041-190-19
Property Type Industrial
Sub Type Manufacturing
Net Rentable (SqFt) 31,000
Cap Rate 6.82%
NOI $150,100
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 09/29/2026
Remaining Term 0.3
Rent Bumps Yes
Lease Options 2 remaining 5 year options
Class C
Year Built 1926, 1946, 1974
Buildings 7
Stories 2
Lot Size (SqFt) 61,077
Zoning Mixed Use Corridor
Investment Type Net Lease
Lease Commencement 09/29/2016
Occupancy Date 09/29/2016
Ceiling Height 21'6", 19'11", 21'10", 17'10"
Dock High Doors 17

Single Tenant Modified NNN Investment Opportunity

Marketing description

Prime investment opportunity in Lodi, CA. A single tenant modified NNN lease portfolio with a strong cap rate of 6.39%. The offering includes three properties, all zoned Mixed Use Corridor. 709 Sacramento Street features a 9,740 square foot warehouse with office space on a 1/2 acre lot and an 1,100 square foot exterior building. 701 Sacramento Street is a 9,000 square foot quonset hut style warehouse on just under 1/2 an acre. Lastly is 601 North Sacramento Street, which sits on over 1/2 an acre and features two 5,000 square foot clear span metal buildings with over 700 square feet of office space. The properties are in a prime location less than a mile from Downtown Lodi, and less than a mile from the Turner road interchange. The tenant has occupied the premises since 2016 and is in their first of three options to extend the Lease. The Tenant has also signed a non binding letter of intent demonstrating their desire to exercise their next lease option in 2026.

Investment highlights

•Modified NNN Lease

•Long Term Tenant

•Recent Lease extension showing commitment to site

•Recent Letter of Intent from Tenant demonstrating their desire to exercise their next Lease option

•Below market rent

Listing Contacts

DR
CA 02127346
Rotner and Associates
Listed by Rotner and Associates

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,100.00
$12,508.33/mo

Valuation Metrics

0
DSCR
6.82%
Cap Rate
6.82%
ROI

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Additional Information

Name
Drew Rotner
License
02127346
Brokerage Phone
209.605.6141
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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