Stockton Portfolio

Location: Stockton, CA
Type: Mixed Use
Price: $7,040,000

SMC provided $7,040,000 first mortgage loan to facilitate the acquisition of the Subject. The loan has a 10-year term with 36 months of interest-only payments, followed by 30-year amortization. The Portfolio is comprised of two properties totaling 91,932 SF, leased to approximately 40 tenants. Kress Building is a four-story, 34,283 SF office property located at 20 N Sutter Street, Stockton, CA 95202. Waterfront Warehouse is a two-story, 57,649 SF mixed-use (office/retail) property located at 445 West Weber Avenue, Stockton, CA 95203.