Updated Aug 6, 2025
Mershops Acquires Weberstown Mall In Stockton For $50.75 Million With Bo Okoroji's Representation
4950 North Pacific Avenue
$50,750,000
$63/SF
Building Size
800,000 SF
Asset Type
Retail
Closing
Aug 4, 2025
About this deal
AI
The retail asset involved in the transaction is an enclosed mall located at 4950 North Pacific Avenue in Stockton. The property was sold for $50,750,000, encompasses 800,000 square feet, and is anchored by national retailers. The price per square foot stands at $63.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50,750,000
- Address: 4950 North Pacific Avenue
- Market: Stockton
- Square Footage: 800,000
- Price Per Square Foot: $63
- Buyer: Mershops
- Broker: Bo Okoroji - Steerpoint Capital
Mershops, a retail platform established by the Mersho family, acquired the Weberstown Mall as part of its strategy to enhance its West Coast portfolio. Bo Okoroji of Steerpoint Capital structured the deal and provided advisory services, while also planning to assist with ongoing repositioning and asset management for the property.
Players
Stockton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Bo Okoroji to view all their deals.
Browse Stockton retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93