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St. Francis Motel 5 7 0 8 N H I G H W a Y 9 9 , S T O C K T O N , C a 9 5 2 1 2 OFFERING MEMORANDUM St. Francis Motel 5 7 0 8 N H I G H W A Y 9 9 , S T O C K T O N , C A 9 5 2 1 2 Joshua Ballesteros Investment Advisor NAI Northern California [email protected] NAINORCAL.COM 415.480.0214 CalDRE #02010271 Executive Summary n a i n o r c $1,500,000 8,000 SF Income & Expenses a l . c PRICE SQ FT CONTACT BROKER o m Other Details Property Highlights Lot Size: 0.76 Acres Steady 50% occupancy throughout majority of the year, close to 40% Price Per SF: $188 in the winter. # of Rentable Units: 20 Located directly off of frontage road for CA Hwy-99 which stretches # of Buildings: 2 near the entire length of California from North to South. Year Built: 1960 Centrally located between Stockton to the west and south, Morada APN: 087-030-13 and Lodi to the North, this area serves as a gateway to the California central valley with the California foothills due directly east. Floors: 1 3 - 2bd units, 17 - 1bd units with 20 rentable units in total plus a manager's office and suite. 9 rooms with recently upgraded vinyl flooring. Nightly and weekly rentals with an average $75 per night (+tax), $330 per week (+tax). Median household income of $97,746 within a 1 mile radius. Due west via Hammer Lane, close proximity to Home Depot, Lowe's Home Improvement, Burlington Coat Factor, Walmart Supercenter, Chase Chevrolet, Stockton Automall and state of the art Cesar Chavez Highschool. 2 5708 CA-99 Table of Contents Stockton, CA 95212 Joshua Ballesteros Investment Advisor 09 14 19 O: 415.480.0214 n LOCATION SALE DEMOGRAPHICS [email protected] a i n INFORMATION COMPARABLES CalDRE #02010271 o r c a l . c o m 3 Additional Photos n a i n o r c a l . c o m 4 Additional Photos n a i n o r c a l . c o m 5 Additional Photos n a i n o r c a l . c o m 6 Additional Photos n a i n o r c a l . c o m 7 Additional Photos n a i n o r c a l . c o m 8 L O C A T I O N I N F O R M A T I O S E C T I O N 1 N Location Information 9 Stockton, CA On Stockton With a population of over 310,000, Stockton is the 13th largest city in California and is rapidly becoming an integral part of the San n a i Francisco Bay Area economy. Stockton is the seat of San Joaquin n o County, which is the sixth largest agricultural county in the U.S. r c a l . c Stockton has a large diversified skilled and semi-skilled workforce o with an affordable wage structure, and an abundance of cultural, m educational, and recreational opportunities. Higher learning institutions including the University of the Pacific, San Joaquin Delta College and CSU Stockton Center provide a pathway to four-year and two year degree programs. Stockton is home to three minor league franchises: Stockton Heat— (AHL ice hockey team; affiliate of the Calgary Flames) Stockton Kings—(NBA G League basketball team; affiliate of the Sacramento Kings) Stockton Ports—(High-A California League baseball team; affiliate of the Oakland Athletics). The Port of Stockton is a fully operating seaport approximately 75 miles (86 mi) east of the Golden Gate Bridge in San Francisco. Set on the San Joaquin River, the port operates a 4,200 acres transportation center with berthing space for 17 vessels up to 900 ft in length. As of 2014, the Port of Stockton had 136 tenants and is served by BNSF & UP Railroads. The port also includes 1.1 million square feet of dockside transit sheds and shipside rail track and 7.7 million square feet of warehousing. 10 Regional Map n a i n o r c a l . c o m 11 Regional Map n a i n o r c a l . c o m Subject Property 12 Regional Map n a i n o r c a l . c o m Subject Property Subject Property 13 S A L E C O M P A R A B L E S S E C T I O N 2 Sale Comparables 14 Sale Comps 1 7-9 W Oak St Lodi, CA 95240 1 n a i Sale Price: $1,100,000 Closed: 04/25/2018 $ / Room: $73,333 n o No. Rooms: 15 Building SF: 13,230 SF Year Built: 1905 r c a l . c o m 2 22 S Main St Lodi, CA 95240 2 Sale Price: $1,207,500 Closed: 04/19/2019 $ / Room: $100,625 No. Rooms: 12 Building SF: 9,480 SF Year Built: 1962 3 8722 N Hwy 99 Stockton, CA 95212 3 Sale Price: $1,150,000 $ / Room: $82,142 No. Rooms: 14 Building SF: 6,000 SF Year Built: 1959 15 Sale Comps 4 1506 S Mariposa Rd - Stockton, CA 95205 4 n a i Sale Price: $1,067,000 $ / Room: $56,157 No. Rooms: 19 n o Building SF: 8,100 SF Year Built: 1970 r c a l . c o m 16 Sale Comps Summary Subject Property Price Bldg SF Price/Room # of Rooms St. Francis Motel 5708 CA-99 $1,500,000 8,000 SF $75,000 20 n a i Stockton, CA 95212 n o r c Sale Comps Price Bldg SF Price/ROOM # of Rooms Close a l . c 7-9 W Oak St o 1 Lodi, CA $1,100,000 13,230 SF $73,333 15 04/25/2018 m 95240 22 S Main St 2 Lodi, CA $1,207,500 9,480 SF $100,625 12 04/19/2019 95240 8722 N Hwy 99 3 Stockton, CA $1,150,000 6,000 SF $82,142 14 On Market 95212 1506 S Mariposa Rd - 4 Stockton, CA $1,067,000 8,100 SF $56,157 19 On Market 95205 Price Bldg SF Price/ROOM # of Rooms Close Totals/Averages $1,131,125 9,203 SF $75,408 15 17 Sale Comps Map n a i n o r c a l . c o m Subject Property 5708 CA-99 | Stockton, CA 95212 1 7-9 W Oak St 2 22 S Main St Lodi, CA Lodi, CA 95240 95240 3 8722 N Hwy 99 4 1506 S Mariposa Rd - Stockton, CA Stockton, CA 95212 95205 18 D E M O G R A P H I C S S E C T I O N 3 Demographics 19 Demographics Map & Report * Demographic data derived from Costar.com Radius 1 Mile 3 Mile 5 Mile n a Population - - - i n o r 2025 Projection 6,217 99,082 241,907 c a l . 2020 Estimate 5,860 94,036 230,269 c o 2010 Census 4,994 84,019 209,853 m Growth 2020 - 2025 6.09% 5.37% 5.05% Growth 2010 - 2020 17.34% 11.92% 9.73% Households - - - 2025 Projection 1,663 28,826 77,415 2020 Estimate 1,566 27,348 73,641 2010 Census 1,338 24,473 67,091 Growth 2020 - 2025 6.19% 5.40% 5.12% Growth 2010 - 2020 17.04% 11.75% 9.76% 2020 Households by HH Income 1,725 4,265 4,571 < $25,000 9.8% 22.1% 25.2% $25,000 - $50,000 16.0% 23.7% 23.7% $50,000 - $75,000 20.8% 18.9% 17.8% $75,000 - $100,000 11.4% 11.5% 11.7% $100,000 - $125,000 15.0% 8.5% 7.7% $125,000 - $150,000 6.8% 5.0% 4.6% $150,000 - $200,000 15.0% 5.7% 4.9% $200,000+ 4.8% 4.4% 4.1% 2020 Avg Household Income $97,746 $73,881 $70,306 20 Traffic Count n a i n o r c a l . c o m * Traffic Count data derived from Costar.com Street Cross Street Cross Street Dist Count Year Avg Daily Volume Volume Type Miles From Subject Prop State Route 99 99 Frontage Rd 0.46 S 2020 93,356 MPSI .17 State Route 99 99 Frontage Rd 0.46 S 2018 88,615 MPSI .17 E Hammer Ln Maranatha Dr 0.12 W 2015 40,537 ADT .47 E Hammer Ln Maranatha Dr 0.12 W 2018 35,070 MPSI .47 E Foppiano Ln 99 Frontage Rd 0.10 W 2018 1,869 MPSI .60 Maranatha Dr Christian Life W 0.04 N 2018 6,301 MPSI .68 Maranatha Dr Christian Life W 0.04 N 2014 5,400 ADT .68 21 Traffic Count n a i n o r c a l . c o m Holman Rd Auto Center Cir 0.03 NW 2018 19,315 MPSI .81 Holman Rd Auto Center Cir 0.03 NW 2014 16,600 ADT .81 Wakeman Dr Daltry Dr 0.09 NE 2014 1,800 ADT .83 22 Confidentiality & Disclosure The information contained in the following investment summary is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without the written consent of the broker. This investment summary has been prepared to provide concise, unverified information to prospective purchasers and to n establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence a i n investigation.
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