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NORTHBROOK, Ill., August 18, 2020 / PRNewswire / – Hilco Real Estate, LLC announces September 25, 2020 as a controlled offer deadline for a 2.23 acre mixed-use progression site along I-5 in Stockton, California. This offer is in fact a rare opportunity given its location and its favorable mixed-use (MX) zoning, which allows for a variety of advertising uses.
Located in the city of Stockton, this site boasts a prominent location along busy Interstate 5, with average traffic (ADT) of approximately 82,000 cars and provides perfect visibility and best visitor access with the nearby highway exit. Paintings of important structures have already been made on the property, adding parking, leveling and utilities. It benefits from being located directly next to Lowe’s Home Improvements, Trinity Urgent Care, other major stores and major residential advances just steps away.
Stockton is the seat of San Joaquin County, a developing county of more than 752,000 more people that has much to offer Californians. The city’s population is just over 311,000, or more than 40% of the county’s total population, according to Data USA. The average household income source in San Joaquin County is more than $116,000, which is higher than the national average household income source of approximately $62,000, indicating that this region is a solid retail market. Stockton is readily available on Interstate five and State Route 99, the main roads north to southern California. In addition, the city is conveniently located just one hour and thirty minutes east of San Francisco, less than an hour and thirty minutes northeast of San Jose and fifty minutes south of California’s state capital, Sacramento.
Mark Carbone, senior managing director of Hilco Real Estate, said: “Frankly, it’s a wonderful asset. This market perfectly combines low vacuum and strong growth. Not only is it in a very visual and busy location, assets also have mixed-use zoning compatibility. This allows a collection of non-retail uses, such as a clinic or laboratory, nursery, hotel or place to eat, but some possibilities. This offer will be a great opportunity for some owners. -users, stores and/or have compatibility with an investor’s portfolio.”
The filing deadline is scheduled for Friday, September 2, at 5pm 2020. Presentations must be delivered to Hilco Real Estate offices until 5pm. (CT) on the day of the deadline to be considered. Interested buyers consult the detailed terms of sale for needs in order to participate in the sales procedure to be carried out on the Hilco website. Offers can be mailed to Hilco Real Estate, five Revere Drive, Suite 410, Northbrook, IL 60062, or by email to [email protected].
For more information about the property, an explanation of the sale process, the terms of sale or to benefit from the property’s due diligence documents, visit HilcoRealEstate.com or call (855) 755-2300.
About Hilco Real Estate Hilco Real Estate (“HRE”), a Hilco Global (HilcoGlobal.com) company, is headquartered in Northbrook, Illinois, United States. HRE is a national provider of strategic real estate moving services. Acting as an agent or principal, HRE uses its ability to advise and execute methods to help clients get the maximum price out of their genuine real estate assets. By leveraging multifaceted sales methods and techniques, competitive repositioning and restructuring delight in a broad and motivated network of buyers and sellers, and genuinely extended to capital, HRE exceeds expectations even in the most complex transactions.
Media Contact:
Gary Epstein Hilco Global Office: (847) 418-2712 Mobile: (847) 323-4943 Email: [email protected]
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SOURCE Hilco Real Estate