3021 Boeing Way
Recently Renovated 150K SF Distribution Facility | 100% Leased to Hardwoods Specialty | 9.25 Year WA
Marketing description
Strategic Central Valley Location
►Convenient access to SR-99 and I‑5 | 70 miles to Port of Oakland
►Location offers cost-efficient logistics relative to the Bay Area
►Minutes to BNSF & UPRR Class I Intermodal Yards
Central Valley Industrial Market Fundamentals
► Vacancy measured 8.7%, 20 basis points (bps) lower than the prior quarter and 120 bps lower year-over-year | Lack of new construction.
► 10.4% average annual rent growth and a 47% decrease in vacancy within the 125K-175K SF range since 2021.
► There are currently only 3 vacant freestanding buildings available in Stockton in the 125-175K SF size range.
Investment highlights
Download OM here: https://bit.ly/3021boeingwayCX
High‑Quality Distribution Facility with Recent Capital Improvements
► ±150,000 SF industrial warehouse on a 9.4-acre site
► 16 dock doors, 3 grade‑level doors, 27’–32’ clear heights, and 1,200 amps of power
► Low coverage provides ample employee / trailer parking or additional outside storage. The site is fully secured.
~$3M ($20 PSF) in Capital Improvements Since 2025
► $2.4M of improvements for exterior upgrades (new paint, metal accents, and canopies), construction of new office space, upgraded LED warehouse lighting, additional dock levelers, expanded concrete areas within the truck court, asphalt replacement on the south side of the building, targeted slab repairs, and fire sprinkler system repairs.
►$552K of additional capital for a partial roof re-coat with a 10‑year warranty, new SW entry gate, and roof access/safety improvements.
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