Art Godi Center Office Complex

PMZ Commercial is pleased to offer an investment or owner/user opportunity. Built in 1973 and 197 4, the Art Godi Center is a landmark office complex located in the heart of Stockton, CA. Most of the current leases are full service and have below market rent, that coupled with pricing at just $126.14/SF, the center offers a substantial value add opportunity for investors once they re-let at full market modified gross leases. Also, although 90% occupied, 66% of the leases have upcoming expirations, allowing the perfect SBA loan opportunity for an owner/user (an SBA Mortgage Scenario is enclosed in this Offering Memorandum). The smaller suite sizes are ideal for an office user, as a result vacancies are filled quickly. The complex is also located on Robinhood Dr, a well known office corridor with 12,915 ADT, and located between Pacific Ave (32,507 ADT) and Pershing Ave (24,758 ADT), two major commercial thoroughfares.
• 20 Office Suites
• 90% occupied
• Well below market rents with shorter term leases, making this an
• ideal value add opportunity
• 66% of the leases are short term, creating an SBA financing
• opportunity for an owner/user
• The suite sizes are ideal for tenants, vacant units are leased
• quickly
• Located in high traffic office corridor with 12,915 ADT
• Robinhood Dr is located between to major commercial arteries,
• Pacific Ave (32,507 ADT) and Pershing Ave (24,758 ADT)
• Ample supply of parking
• OFFERING MEMORANDUM CONTAINING FINANCIAL INFO AND RENT ROLL AVAILABLE IN THE DATA ROOM