Stockton CA - CSL Plasma

Description:

• The lease is signed by CSL Plasma Inc., a subsidiary of CSL Behring, with
$9.29 Billion in revenue for 2023
• 10% rental increases every 5 years throughout the initial term and rental increases to fair market value at the beginning of each option period
• The building recently underwent a complete remodel that features a new TPO membrane for the roof that was placed in 2021
• Tenant has invested more than $2 million in the buildout infrastructure and FF&E for their space, limiting expense leakage for a future investor
• Located near the signalized, hard corner intersection of E. March Lane and N. El Dorado Street averaging a combined 61,900 vehicles per day
• Ideally situated between prominent retail centers such as Weberstown Mall (855,800 SF), Sherwood Mall (525,000 SF), Stonecreek Village Shopping Center (154,554 SF), and College Square Shopping Center (126,098 SF)
• The trade area features a variety of national/credit tenants such as Walmart Neighborhood Market, Costco Wholesale, The Home Depot, Target, Macy’s, WinCo Foods, Office Depot, and more
• More than 318,000 residents within 5 miles supporting the trade area
• Healthy average household income of $94,021