Lee & Associates' Chris Sill Represents Buyer In $1.08M Stockton Retail Sale
3750 West Lane
$1,080,000
$77/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
May 21, 2024
AI
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:
- Property Type: Retail
- Transaction Amount: $1,080,000
- Address: 3750 West Lane
- Market: Stockton
- Square Footage: 14,000
- Price per Square Foot: $77
- Seller's Rep: Dominic Mazzoni & Edward Nelson - Marcus & Millichap
- Buyer's Rep: Chris Sill - Lee & Associates
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
Stockton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93