4733 Quail Lakes Dr Stockton, CA 95207

Property Details for 4733 Quail Lakes Dr

Property type

Retail properties

Description

This exceptional retail opportunity is located at 4733 Quail Lakes Dr, Stockton, CA 95207. The Quail Lakes Shopping Center offers three available spaces ranging from 1,215 square feet to 25,077 square feet, totaling 130,353 square feet of vacant space. The property boasts a current vacancy rate of 0.0%, significantly lower than the submarket average of 5.8% and the overall market average of 4.4%. This demonstrates strong tenant demand and a stable investment opportunity. The asking rent is competitively priced at $25.98 per square foot, slightly higher than the submarket average of $19.49 per square foot and the overall market average of $21.69 per square foot, reflecting the property's prime location and desirability. Year-over-year, the subject property's vacancy rate shows no change, while the submarket and overall market experienced a slight decrease of -0.1% and -0.2% respectively. Submarket leasing activity shows 227,995 square feet leased in the past 12 months, a decrease of 4.0% compared to the previous year. The average time on market is currently 12.7 months, compared to a submarket average of 2.5 months. Recent sales activity in the submarket indicates a 12-month sales volume of $81.71 million, slightly lower than the previous year's $94.32 million. The average sale price per square foot is $204, a slight increase from the previous year's $203 per square foot. This property presents a compelling investment opportunity in a thriving Stockton retail market.