Airport Gateway Center
Industrial | 203,040 SqFt
Marketing description
CBRE, Inc. is offering an excellent opportunity to purchase Airport Gateway Center (the "Property"), a high quality industrial facility totaling 203,040 SF in the heart of the Central Valley. Located at 1212 Performance Drive in Stockton, CA, the building is 100% leased to Cal Sheets, a highly committed long-term tenant that has occupied the facility continuously since its construction in 1999 and is currently leased through December 2029. Cal Sheets is a subsidiary of Golden West Packaging, one of the largest and fastest growing independent manufacturers of custom packaging products in North America.
Airport Gateway Center offers 28'-31' clear height, 5 dock-high doors, 12 grade-level doors, 4 rail doors with UP Rail access, heavy power with 4,000 amps, ESFR sprinklers, and a new roof installed in 2024 with a 20-year warranty.
Major users choose Stockton because it offers proximity to the large and affluent Bay Area population with nearly 12 million people in a 75-mile radius. This distribution site has excellent access to I-5, SR-99 and 2 intermodal facilities within 6 miles.
Investment highlights
- High-quality industrial warehouse facility totaling 203,040 SF in the heart of the Central Valley
- 4,000 amps heavy power with rail access which is ideal for manufacturing uses
- State-of-the-art building features: new roof installed in 2024 with a 20-year warranty, 28'-31' clear height, 5 dock-high doors, 12 grade-level doors, 4 rail doors with UP Rail access and ESFR sprinklers
- 100% leased to Cal Sheets, a highly committed long-term tenant that has occupied the facility continuously since its construction in 1999 and is currently leased through December 2029
- Cal Sheets is a subsidiary of Golden West Packaging, one of the largest and fastest growing independent manufacturers of custom packaging products in North America
- Proximity to the large and affluent Bay Area population with nearly 12 million people in a 75-mile radius
- A+ location adjacent to Stockton Airport with immediate access to I-5 and SR-99 and 2 intermodal facilities within 6 miles
- The Central Valley offers a 21% labor discount vs. the rest of CA and has the #2 highest concentration of WH employment in the U.S. which is projected to grow an additional 15.5% by 2032
- No new construction starts in the Central Valley this year and limited new spec developments planned in this size range
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