The Metro is a three-story office/retail building in the heart of Downtown Stockton. This mid-century modern beauty is nicely renovated for office and retail use. The ground floor is comprised of four retail units, which are fully leased. The Pride Center occupies the entire second floor. There are multiple office tenants on the third floor, with a shared board room, lobby and kitchen.
Most of the rents in the building are below market; as the rental market in downtown improves, rents in this nice building have lots of room to increase. Additionally, the current owner offers PG&E and Internet included in the rent; the new owner can pass through these utilities to the tenants and recapture those expenses.
The Metro sits on one of the busiest corners in Downtown Stockton. It is adjacent to the RTD bus hub, and across the street from the County Administration building. It’s surrounded by 60+ restaurants, government buildings, charter schools, and the new Superior Courthouse. Easy access to I-5 and 99 via the Crosstown Freeway.