633 San Juan Ave Stockton, CA 95203-2042
- Warehouses
- 36,588 SF
- 1.91 lot acres
Current Use by Public Records
- Buzz Converting / Manufacturer
Property Details for 633 San Juan Ave
- Year built
- 1959
- Lot size
- 1.91 lot acres
- Property size
- 36,588 SF
- Zone code
- M2
- Property type
- Warehouses
- APN
- 133-380-030-000
- APU
- 133380030000
Description
This exceptional Class A industrial property, located at 633 San Juan Avenue in Stockton, California, presents a compelling investment opportunity. The 31,807-square-foot building sits on a 1.91-acre lot (APN 133-380-03) and is currently 100% occupied under a 20-year sale-leaseback agreement. The tenant, a publicly traded leading cannabis company, Juva Life, has invested significantly in this state-of-the-art cultivation and distribution facility. The lease is a single-tenant, absolute NNN structure, minimizing owner responsibilities and maximizing passive income. This translates to a blended cap rate of 12.77% over the 20-year lease term, featuring attractive rent increases built into the agreement. The asking price for this exceptional property is $10,500,000. This is a rare chance to acquire a high-performing, low-maintenance industrial asset with a long-term, secure income stream. The property is zoned for distribution, warehouse, and manufacturing uses. The property's location in Stockton, CA, within San Joaquin County, zip code 95203 (37.9545605, -121.3214715), offers excellent access to transportation networks.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,820,000
- 6.5%
- $3,715,000
- 7%
- $3,525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,735,000
- Geo Method
- $4,075,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,370,000
- Retail
- $4,685,000
- Mixed-Use
- $4,660,000
- Hospitality
- $3,815,000
- Educational
- $4,510,000
- Residential Income
- $4,235,000
- Energy
- $4,185,000
- Income-Based Land
- $3,470,000
- Food Service
- $4,540,000
Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.322
- Latitude
- 37.9545
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA