for sale w. weber avenue “class a ......stockton, ca lloyd h. bakan avison young - principal...

501 W. WEBER AVENUESTOCKTON, CA

Partnership. Performance.

The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.

FOR SALE“CLASS A” WATERFRONT OFFICERARE OWNER-USER OR INVESTMENT OPPORTUNITY

For further information or to schedule a tour, please contact:Lloyd H. BakanAvison Young - Principal 650.425.6418 [email protected] License #00914232

Kathy HanleyGrupe Real Estate - Broker Associate, CCIM 209.955.7984 [email protected] License # 01838221

PROPERTY SUMMARY LOCATION: 501 West Weber Avenue Stockton, CA 95203ASKING PRICE: $11,000,000 BUILDING SIZE: 54,656 rentable square feetSPACE AVAILABLE: Up to 54,000 RSF available for an owner/user (See rent roll)PARKING: 169 single parking stalls in a secured gated parking lot YEAR BUILT: 1984APN: 137-380-14 thru 137-380-18 OFFICE CONDO APPROVED: Zoned and approved for up to 20 office condos (4 per floor)ENVIRONMENTAL REPORT: Phase II report upon request

FEATURES• High profile “class A” office

building

• Unparalleled waterfront and city views

• Immediate access to Interstate 5 & Crosstown Freeways

• Fully improved interior with high quality finishes

• Building top signage

• Fiber optic connectivity

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For further information or to schedule a tour, please contact:


& 501 W. WEBER AVENUESTOCKTON, CA

Lloyd H. BakanAvison Young - Principal 650.425.6418 [email protected] License #00914232






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The OfferingAvison Young in conjunction with Grupe Real Estate is pleased to present the offering for 501 W. Weber Avenue, Stockton California. The offering is for a 55,000 rentable square foot, “Class A” office building located just west of downtown Stockton in the Waterfront Towers complex. The building sits on 3 acres of land on the edge of one of Stockton’s main waterways. The location offers unparalleled views of the Delta, and immediate access to the waterfront promenade. Other convenient amenities include the Stockton harbor, and several restaurants located in the Waterfront Warehouse. Added amenities to this unique office location include Stockton Arena, Banner Island Ballpark and Weber Point Event Center.

The building construction is steel concrete curtain wall construction; “1-hr” construction building classification; roof is high density post-tension concrete; all floors are post-tension concrete except for slab flooring of 1st floor; multiple fiber optic lines are available to building; tenants are responsible for their own communications costs and bringing connections within the building; Comcast. The building also is equipped with two (2) elevators which are up to current code and will function during a power outage by use of a back-up generator. The building is equipped with an on-site back-up generator for UPS (uninterruptible power supply) to a telephone room on each floor for computer/telephone/elevator UPS operations. A significant portion of the second floor has been structurally reinforced to support heavy equipment for a flood disaster-proof data/mail room of a financial institution.

The HVAC (heating and air) mechanical systems are comprised of two large mechanical plant systems are provided for each of the top four floors; each unit serves one half of each floor; heat pumps serve the first floor. Electricity is separately metered in 20 separate quadrants in the building, each floor is divided into four quadrants. Lighting is energy efficient featuring a T-8 lamp system with electronic ballast and control monitors for efficient usage. Windows have insulated glass.

Approximately 4,200 square feet of basement storage is available as common area of the Waterfront Office Towers Owners’ Association.







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The Parking for this building is superior to many downtown locations. The site provides abundant ground level complimentary parking for visitors of the two office towers. In addition to the parking lot located near the entrance of the building, there is also a large employee parking area with security fencing located on the west side. Street parking is also available; a ‘drop off area’ offers convenience for customers and visitors.

The exterior of the building is nicely landscaped with plants and attractive hard surface areas offering a pleasant atmosphere for employees and customers. There is a large attractive and functional waterfront courtyard to the north of the building which provides the tenants of both buildings with an outdoor area for relaxing during breaks and or lunch. To the east is the Waterfront Warehouse with restaurants and retail amenities.

Curb side loading through double 3’0 x 7’0 doors that are accessible to Weber Avenue; separate lane on Weber Avenue allows loading/unloading without congestion to the parking lot. Several exterior doors provide easy street level access for the public. Attractive fixed awning structure provides protection from the elements. The building is handicap compliant and includes a separate, powered handicap access door to the main lobby.

The building is condominiumized, offering flexibility in the building’s ownership. This would allow for partial purchase opportunities if so desired by the new ownership. The condominium rights do allow for twenty (20) separate condominium units (4 per floor) and can be divided and sold if desired. Each floor has four (4) separate meters, and each floor receives one property tax bill.

The main access for the building is through a well-appointed lobby fully staffed guard station for monitoring activities and the ingress and egress of the buildings visitors. In addition to the lobby entrance, a portion of the first floor space offers its own separate entrances along Weber Avenue providing easy access for the ground floor tenants.






W WEBER AVENUE

Weber Point Event Center

Waterfront Warehouse

N CEN

TER STREET

Howard Johnson Inn

The Children’s Museum

Stockton Arena

Banner Island Ballpark

StocktonPolice Dept

San Joaquin County

Courthouse

Stockton Memorial Civic

Auditorium

University PlazaWaterfront Hotel

DMV


SubjectProperty







WEST WEBER AVENUE

WEST WEBER AVENUE

SubjectProperty






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501 W. Weber Avenue is a landmark office building offering unparalleled building top signage for the owner of the property. This prominent signage can also be an excellent incentive to offer to a large prospective tenant who may be considering leasing all or portion of the building. The sign is highly visible and can be seen from Interstate 5 Freeway and Highway 4. This is a rare opportunity to secure one of the most significant building top signs in all of Stockton. The first floor awning surrounding the entire building provides some secondary signage for large tenants.


BUILDING TOP SIGNAGE AVAILABLE

UP TO 20 OFFICE CONDOS APPROVED501 W. Weber is a fully approved and permitted office condo project. The building is permitted for 20 condo units (4 per floor), and the utilities are separately metered for all 20 units. There are 5 different APN’s for the building, and 5 separate property tax bills are issued, one for each floor of the building. Though the current owners have kept the building for their own use, and to lease some of the floors to local businesses, the opportunity does exist to sell all or a portion of the building as office condos. The flexibility of this asset as an owner/user opportunity, as a leased investment, or to sell all or a portion of the building as office condos makes this offering a rare and valued investment opportunity.



for sale w. weber avenue “class a ......stockton, ca lloyd h. bakan avison young - principal...

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