Industrial Distribution Center with Rail
For Sale
Contact for pricing
1212 Performance Dr, Stockton, CA 95206
Fully leased industrial facility with rail service, heavy power, and occupancy secured through December 2029.
Property Size203,040 SF
Price / SF$140.37
Days on Market106
Property Features for 1212 Performance Dr
General Information
Standard status
Active
Size
203,040 SF
Total Parking Spaces
63
Property subtype
Industrial
Zoning
IG
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$1,850,000
Warehouse & Industrial
Clear Height
31 ft
Dock-High Doors
5
Drive-In Doors
12
Rail Access
Yes
Power
4,000 amps
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Buildings
1
Stories
1
Tenancy
Single
Building Size
203,040 SF
Listing Agency:
CBRE LA
Listed By:
Barbara Perrier · License #CA 00969169
(213) 613-3033
Source:
Crexi
Added: Jul 2
Changed: Oct 5
Last Checked: Oct 15 at 12:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE LA
Investment Insights
Based on property information with market context.
Airport Gateway Center is a 203,040-square-foot industrial distribution facility completed in 1999 and zoned IG. The building is fully leased to Cal Sheets through December 2029, with continuous occupancy by the tenant since construction. Improvements include 28- to 31-foot clear heights, five dock-high doors, 12 grade-level doors, four rail doors with UP Rail access, 4,000 amps of power, and ESFR sprinklers. A replacement roof was installed in 2024 and carries a 20-year warranty.
The property is located at 1212 Performance Drive in Stockton, California, with access to I-5 and SR-99. Two intermodal facilities are within 6 miles, supporting regional distribution and freight operations. The facility is positioned within the Central Valley and offers connectivity to the Bay Area population within a 75-mile radius.
The property is located at 1212 Performance Drive in Stockton, California, with access to I-5 and SR-99. Two intermodal facilities are within 6 miles, supporting regional distribution and freight operations. The facility is positioned within the Central Valley and offers connectivity to the Bay Area population within a 75-mile radius.
Key Highlights
- 203,040 SF industrial distribution facility completed in 1999
- 100% leased to Cal Sheets through December 2029
- 28'-31' clear height with 5 dock‑high and 12 grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,435,847
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$48,716,940
$48.7M
Cap Rate 7%
$34,797,814
$34.8M
Cap Rate 9%
$27,064,967
$27.1M
Market Conditions
NOI Build-Up for 203,040 SF
Gross rent
$3.61M $17.76/SF
− Vacancy
−$126.2K −$0.62/SF
EGI
$3.48M $17.14/SF
− OpEx
−$1.04M −$5.14/SF
NOI
$2.44M $12.00/SF
Area
ZIP 95206
Vacancy
3.50%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$48,716,940
Cap Rate 7%
$34,797,814
Cap Rate 9%
$27,064,967
Alternative Uses
Best Use
Warehouse
$43.62M
$38.17M – $50.89M
NOI $3,053,494 @ 7.0% cap · market cap 10.71%
Second Best
Industrial
$34.80M
$30.45M – $40.60M
NOI $2,435,847 @ 7.0% cap · market cap 8.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
31 ft
Clear height
5
Dock-high doors
12
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 95206, CA
69,350
Population
18,792
Households
3.7
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
133.2 sq mi
ZIP Area
521
Density / Sq Mi
$79,751
Median Household Income
$37,346
Median Earnings
$1,546
Median Rent
$388,500
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Distribution center - Fully leased industrial facility with rail service, heavy power, and occupancy secured through December 2029.
Where is this distribution center located?
The property is located at 1212 Performance Dr Stockton, CA.
What is the asking price?
The asking price for this property is $28,500,000.
What are key features of this property?
This property features: 203,040 SF industrial distribution facility completed in 1999; 100% leased to Cal Sheets through December 2029; 28'-31' clear height with 5 dock‑high and 12 grade‑level doors
