540 E Main Street, located in a Federal Opportunity Zone in Downtown Stockton, is a 2-story (plus a full lower level) low-rise office building comprised of two (2) floors of above ground and one level of lower level office space. The Property also features 40 on-site parking spaces and is conveniently located close to more than 800 structured parking stalls.

Situated on a busy corner in the heart of downtown Stockton’s business district, with numerous walkable amenities including coffee, food, museums and entertainment, 540 E Main Street’s high-visibility location makes it accessible to visitors to Downtown and to students attending the school at the property.

The Property features a lease through 6/30/2036 and 2021 in-place cap rate of 8.43% based on net operating income of $758,564 inclusive of pro forma property taxes. The average in-place rent on the building is $0.86 per square foot per month, modified gross, providing the next owner with tremendous rent and yield upside through lease renegotiations. Assuming a 6.00% cap rate disposition in 2036 based on the recent lease extension signed by TEAM Charter, the proforma value of the Property could exceed $17.75 million providing the strategic investor with a highly reliable income while garnering an attractive 16.6% levered cash-on-cash return over a 15 year hold.