503 W Benjamin Holt Dr - Bank FOR SALE
Stockton, CA 95207 |
503 W Benjamin Holt Dr
Stockton, CA 95207
HIGHLIGHTS
- Existing Income with Upside and/or Owner-User Potential | NNN Lease to Bank of America (69% of GLA)
- Lease up of 5,303 Vacant Space at $0.95 NNN / Month Equates to 8.19% Proforma Cap Rate
- Property Sits on a Large 1.89 Acre, Rectangular Shaped Lot | Priced Below Replacement Cost at $129 per Square Foot
- High Deposits | This Bank of America location has reported over $589 Million in Deposits as of June 30, 2022(per FDIC)
- Low Rent and Early Lease Extension | Bank of America Exercised 5-year Option Commencing on 10/1/24
- Located at Signalized, Hard Corner Intersection with Combined Traffic Counts of 14,896 Vehicles
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Bank of America
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
17372
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
169
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
081-260-52
