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Lee & Associates' Chris Sill Represents Buyer In $1.08M Stockton Retail Sale

Property Image
SOLD
$1,080,000

California

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Retail14,000 SF
Sold 05/21/2024
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Property Image
SOLD

Lee & Associates' Chris Sill Represents Buyer In $1.08M Stockton Retail Sale

3750 West Lane

See Similar Deals
Retail14,000 SF
Sold 05/21/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$77
Total Square Footage:14,000 SF
Transaction Type:Sale

A 14,000-square-foot retail property located at 3750 West Lane in Stockton was recently sold for $1,080,000. The transaction was facilitated by seller's representatives Dominic Mazzoni and Edward J. Nelson of Marcus & Millichap, with the buyer's representative being Chris Sill from Lee & Associates.

Summary of transaction details:

The 14,000-square-foot retail property in Stockton was marketed for a few weeks before being sold, following nearly three years on the market. The transaction was successfully completed with the collaborative efforts of the seller's representatives from Marcus & Millichap and the buyer's representative from Lee & Associates.

Players

Edward Nelson
5 deals$27.6M volume(212) 729-3632
BROKER

Dominic Mazzoni
Marcus & Millichap
1 deal$1.1M volume(916) 724-1351
BROKER

Christopher (Chris) Sill
Lee & Associates
1 deal$1.1M volume(209) 598-2804
BROKER

Details

SOLD
IMAGE: 05/21/2024 ADDRESS: 3750 West Lane MARKET: Stockton ASSET TYPE: Retail BUYER'S REP: Chris Sill - Lee & Associates SELLER'S REP: Dominic Mazzoni & Edward Nelson - Marcus & Millichap SALE PRICE: $1,080,000 SF: 14,000 ~ PPSF: $77 NOTE: Marcus & Millichap sold a 14,000-square-foot retail property in Stockton for $1,080,000 after marketing it for a few weeks. The property had been on the market for nearly three years before being sold by Dominic Mazzoni and Edward J. Nelson, representing the seller, with the buyer procured by Chris Sill of Lee & Associates.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,837.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,119.75
Annual Debt Service$61,437.01