Colliers International’s Central Valley Investment Team is proud to present 929 N. Commerce Street, in the bustling Central Valley city of Stockton, California, the largest city in San Joaquin County. This offering presents investors with a well-located, 11 unit asset in a market with strong rent growth and a trend of compressing cap rates. The asset allows an ownership a significant value add opportunity through rental increases and a purchase at a relatively low price per unit, compared to the market.
Sale Note
Price Per Unit: $85,000
Current Cap Rate: 5.96%
Market Cap Rate: 8.43%
Current GRM: 9.33
Market GRM: 7.46
