4568 Feather Riv Dr Stockton, CA 95219-6503

Property Details for 4568 Feather Riv Dr

Property size

3,308 SF

Zone code

N

Property type

Office Properties & Spaces

APN

118-030-030-000

APU

118030030000

Description

This exceptional investment opportunity presents a fully leased, 2,150 square foot Class C medical office condominium located at 4568 Feather River Dr Ste D, Stockton, CA 95219. The property, built in 1987 and extensively renovated in 2023, boasts a 100% occupancy rate with a single tenant under a triple-net (NNN) lease. The current lease commenced February 1, 2023, and expires January 31, 2026, with five one-year lease options and 3% annual rent bumps. The asking price is $850,000, representing a compelling $395.35 per square foot and a 6.00% capitalization rate based on a net operating income (NOI) of $51,000. The property features a highly functional floor plan including multiple treatment rooms, a surgery room, doctor's office, reception area, breakroom, storage, and two ADA-compliant restrooms. Situated in the Feather-March Office Park in Brookside, this prime location offers convenient access to Interstate 5 via W March Lane and proximity to various restaurants, businesses, hotels, and retail establishments. The condominium association (COA) maintains common areas, parking, insurance, roof, exterior, landscaping, and trash removal, minimizing landlord responsibilities. On-site parking and an elevator are also available. The property is zoned for commercial office use and features a fee-simple ownership structure. This is a turnkey investment opportunity with strong cash flow and significant upside potential.

Location Insight

City

Stockton

County

San Joaquin

State

California

Longitude

-121.347

Latitude

37.983

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments