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1029 El Dorado St Stockton, CA 95202

Sponsored
For Sale
$1,595,000

High-traffic location, 100% occupied, strong NOI.

Property size:
15,375 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a fully occupied, multi-tenant office complex ideally situated on a high-traffic corridor in Stockton, California. The 15,375-square-foot building, located at 1029 N El Dorado St, 95202, boasts a newly remodeled interior featuring modern flooring and fresh paint throughout. Comprising 21 individual office suites ranging in size from 100 to 1,870 square feet, the property also includes shared amenities such as a common breakroom and a conference room. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $106,563, representing a compelling 6.67% capitalization rate on the asking price of $1,595,000. The property sits on a spacious 22,000-square-foot lot zoned for general commercial use. Many suites are currently leased below market rates, presenting significant upside potential for rental income growth. The strategic location on a high-traffic corridor, boasting an average daily traffic count exceeding 17,000 vehicles, ensures high visibility and accessibility. Secure gated parking is provided for tenants and visitors. This turnkey investment offers a rare combination of immediate income generation and substantial long-term growth potential in a desirable Stockton location. The ideal suite sizes ensure quick lease-up and steady income.

Property Features for 1029 El Dorado St

General Information

Property type
Office Properties & Spaces
Square Feet
15,375 SF

HighLights

  • Newly remodeled interior with new flooring, paint, and restrooms.
  • 21 office suites ranging from 100 to 1870 square feet.
  • Includes common breakroom and conference room.
  • 100% occupancy.
  • Significant upside potential due to below‑market rents in many suites.
  • High tenant demand resulting in quick lease‑ups.
Property Profile Location Intelligence

Current Use by Public Records

Tarot Card Readers ... Corporate Office

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Stockton
County
San Joaquin
State
California
Longitude
-121.29314
Latitude
37.963263

FAQs

What type of property is this?
Office Property / Space - High-traffic location, 100% occupied, strong NOI.
Where is this office property / space located?
The property is located at 1029 El Dorado St Stockton, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Newly remodeled interior with new flooring, paint, and restrooms.; 21 office suites ranging from 100 to 1870 square feet.; Includes common breakroom and conference room.
More about this property
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