Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to offer for sale 6221 West Lane in Stockton, CA. The 52,000 SF office asset (“Property” or “Asset”) is 100% net leased to the County of San Joaquin (S&P: AA), who accounts for ±90% of the base rent, and Delta RE, LLC, a premier operator of Kings Card Club. Commencing September 1, 2021, the County of San Joaquin has executed a brand new 15-year lease with ±$5M of tenant improvements currently underway. With immediate proximity to Interstate 5 and State Route 99, the Property is easily accessible with a highly desirable central location.


The offering not only offers investors growing, investment grade cash flow, but also boasts a strategic location within California’s Central Valley Region, one of the fastest growing real estate markets on the West Coast.

Investment highlights

  • ±90% of the base rent is attributable to the County of San Joaquin (S&P: AA)
  • San Joaquin executed a fresh, long-term lease that will have 15 years remaining
  • The building has ±$7 million ($135 PSF) of capital investment year-to-date
  • The Central Valley is one of the fastest growing real estate markets on the West Coast
  • Stockton office vacancy has declined ±200 bps over the last five years 
  • Net lease pass-through structure, offering investors limited responsibilities
Last Updated Date: 17 Aug 2021
Adam Lasoff
Adam Lasoff
Managing Director, Capital Markets
Jake Wagner
Jake Wagner
Director, Capital Markets
Broker Licenses
CA-01947316

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Last Updated Date: 17 Aug 2021

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