Railroad Square
620 N Aurora Street
Stockton
Railroad Square
Region: Stockton
Use: Office
Lot Size: 3.55 acres
Lease or Sale: Sale
Building Size: ±112,382 SF
Sale Price: $9,840,000
Reduced sale price to $9,840,000 ($87/RSF).
10+% capitalization rate!
Railroad Square, located at 620 N Aurora Street, is a 100% leased historic mixed-use building situated in a Federal Opportunity Zone in Downtown Stockton. The Property today is an adaptive re-use 3-story (plus a lower level) low rise government office building.
The Building and Property consists of three above-ground floors of 33,123 SF each, plus a lower level of 13,618 SF along with two parcels totaling ± 3.55 acres. There is a gated parking lot surrounding the Building, featuring approximately 86 parking stalls. An additional fenced and gated parking lot of approximately 112 parking stalls is included with the building for overflow parking or future development.
Priced at just $87 per rentable SF with estimated replacement cost of $300 per SF, it is difficult to convey just how rare of an opportunity to purchase an asset of this size, location and stability with such a strong tenancy and tremendous upside.