Colliers International’s Central Valley Investment Team is proud to present 1321 S Pilgrim 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, 8 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: 5.68%
Market Cap Rate: 8.47%
Current GRM: 9.65
Market GRM: 7.46
