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3939 E Hammer Ln 23,500 SF Retail Building Stockton, CA 95212 $4,060,800 ($172.80/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
Esta blished Commercial Asset: This 23,415 sq ft single-story retail property, built in 1999, is situated on 2.48 acres along East Hammer Lane-Stockton's major retail thoroughfare.
Prime Location with Strong Visibility: Located in a bustling commercial corridor, the property benefits from high traffic exposure and proximity to major thoroughfares, enhancing its appeal to tenants and customers alike.
Stable Long-Term Tenancy: The property is currently occupied by Flooring Liquidators, a reputable tenant specializing in flooring sales and installation, providing a reliable income stream for investors.
Prime Location with Strong Visibility: Located in a bustling commercial corridor, the property benefits from high traffic exposure and proximity to major thoroughfares, enhancing its appeal to tenants and customers alike.
Stable Long-Term Tenancy: The property is currently occupied by Flooring Liquidators, a reputable tenant specializing in flooring sales and installation, providing a reliable income stream for investors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,500 SF
Building Class
B
Year Built
1997
Price
$4,060,800
Price Per SF
$172.80
Cap Rate
6.25%
NOI
$253,800
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
2.12 AC
Zoning
C3, Stockton
Parking
60 Spaces (4.6 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,002,498 | |
| Land Assessment | $1,515,404 | Total Assessment | $3,517,902 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,515,404
Improvements Assessment
$2,002,498
Total Assessment
$3,517,902
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3939 E Hammer Ln
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