Scottish Rite Masonic Center of Stockton 33 West Alpine Avenue · Overview Address 33 West Alpine...

Scottish Rite Masonic

Center of Stockton

33 West Alpine Avenue

Stockton, California

Confidential Offering Memorandum

presented by

Dan Bacani

NAI Capital

tel +1 626 204 1525

cell +1 626 242 7790

fax +1 626 628 3022

[email protected]

NAI Capital (“Broker”) has been retained by the Seller

of the Scottish Rite Masonic Center in Stockton,

California (“Property”) as the exclusive broker for this

sale opportunity.

This Offering Memorandum has been prepared by

Broker for use by the principal (“Principal”) to whom

Broker has provided this Offering Memorandum. The

use of this Offering Memorandum and the information

provided herein is subject to the terms, provisions

and limitations of the Confidentiality Agreement

furnished by Broker and executed by Principal prior

to delivery of this Offering Memorandum. Although

the information contained herein is based upon

sources believed to be reasonably reliable, Owner

and Broker, on their own behalf, and on behalf of

their respective officers, employees, shareholders,

partners, directors, members and affiliates, disclaim

any responsibility or liability for inaccuracies,

representations and warranties (expressed or

implied) contained in, or omitted from, the Offering

Memorandum or any other written or oral

communication or information transmitted or made

available to the recipient

3

of this Offering Memorandum. In amplification of and

without limiting the foregoing, summaries contained

herein of any legal or other documents are not

intended to be comprehensive statements of the

terms of such documents but rather only outlines of

some of the principal provisions contained therein,

and no representations or warranties are made as to

the completeness and/or accuracy of the projections

contained herein. Prospective purchasers of the

Property should make their own investigations and

conclusions without reliance upon this Offering

Memorandum, the information contained herein or

any other written or oral communication or

information transmitted or made available. Additional

information and an opportunity to inspect the

Property will be made available upon written request

by interested and qualified prospective purchasers.

Owner expressly reserves the right, exercisable in

Owner’s sole and absolute discretion, to withdraw the

Property from being marketed for sale at any time

and for any reason. Owner and Broker each

expressly reserves the right, exercisable in their sole

and absolute discretion, to reject any and all

expressions of interest or offers regarding the

Property and/or to terminate discussions with any

entity at any time with or without notice. Broker is not

authorized to make any representations or

agreements on behalf of Owner. Owner shall not

have any legal commitment or obligation to any entity

reviewing this Offering Memorandum or making an

offer to purchase the Property unless and until a

written agreement for the purchase and sale of the

Property has been fully executed, delivered and

approved by Owner and the other party thereto and

any conditions to Owner’s obligations hereunder

have been satisfied or waived. If you have no interest

in the Property at this time, return this Offering

Memorandum immediately to:

NAI Capital

225 South Lake Avenue, Suite 1170

Pasadena, California

tel +1 626 204 1525

fax +1 626 628 3022

www.naicapital.com

Disclaimer

The Scottish Rite Creed“Human progress is our cause, liberty of thought our supreme wish,

freedom of conscience our mission, and the guarantee of equal rights to all people everywhere our ultimate goal.”

6 Section 01

Executive Summary

11 Section 02Property Information

16 Section 03Potential Uses

22 Section 04Call for Offers Deadline

Table of

Contents

Located in Stockton, California, the Scottish Rite Masonic Center is an iconic

specialty property whose main structure features an architecturally interesting design.

The subject property resides on a spacious, four-and-a-half acre lot. A 950-seat

auditorium, a banquet room with up to 14’ clear height and a commercial kitchen are

a few of this special property’s amenities.

University of the Pacific and its sprawling 175-acre campus is presently home to over

7,000 faculty, staff and students and is adjacent to the Pacific Manor neighborhood of

Stockton where the subject property resides.

The Scottish Rite Masonic Center provides a visionary investor with a rare opportunity

to acquire a unique and architecturally significant asset in an outstanding location with

a number of potential uses including high density residential, student housing and

commercial possibilities.

The property is intended to be delivered vacant by close of escrow with over 36,000

square feet of improved real estate between two structures. The highly unique nature

of the property and the number of redevelopment possibilities allowed by zoning has

motivated Ownership to initiate a call for offers from qualified and serious buyers.

Offers are due no later than 5 p.m. on June 23, 2017.

Offerors and/or their representatives should contact the Listing Broker prior to

any submissions for additional pertinent information.

Executive

Summary

6

Scottish Rite

Masonic Center

of Stockton

The city of Stockton, California was

built during the famed California Gold

Rush. The city’s seaport served as a

gateway to the Central Valley where it

provided convenient access for area

commerce. University of the Pacific

(UOP), one of the oldest centers for

higher learning, was first chartered in

1851 and has been located in Stockton

since 1923.

By 2016, Stockton’s population rose to

315,592 making the municipality the

13th largest in the state and 63rd

largest city in the country.

St. Joseph’s Medical Center, OG

Packing, Diamond Foods, Dameron

Hospital, North California Youth

Center and University of the Pacific

are amongst the city’s largest

employers.

Currently, a fledgling tech sector is

being incubated by city officials and

business leaders. Recent creative

office and millennial friendly mixed-use

projects in the Downtown along with

the backing from local politicians of a

polytechnic university in Stockton is

promising to reshape the economic

landscape of this San Joachin County

community.

1 Executive Summary

About


Property

Information

8

Overview

Address

33 West Alpine Avenue


Property APN#

115-130-10

Year Constructed

1959 / 1992

2016 Assessed Market Value

$2,271,654

Property Description

The property consists of two buildings

collectively measuring 36,760 square feet

(33,309 sq. ft. and 3,451 sq. ft.) per

architect on 4.52 acres

Parking

Approximately 290 uncovered surface stalls

Zoning

CO (Commercial, Office)

Amenities

Auditorium: Stage with 950-seat

capacity and 29’ clear height

Kitchen: 10’ 7” hood

Banquet Room: 11’ to 14’ clear height

Permitted Uses

Offices

Museums

Religious Facilities

Assisted Living

Senior Residential

Medical Related

Multifamily

2 Property Information

9

Property

Amenities

• Iconic Property

• Spectacular Auditorium

• Excellent Location

• Commercial Kitchen

• Banquet Hall

• Numerous Meeting Rooms and

Offices

• Medical Development Potential

• Residential Development Potential

• Over 8:1,000 Parking Ratio

• Minutes from Downtown Stockton

• Near University of the Pacific

• Variety of Permitted Uses

2

12

Property

Site Plan

Property Information

2

13

Property

Plat Map

Property Information


14

Property

Aerial Photo


15

Property

Area Map

Potential Uses

17

City of Stockton

Highest & Best Use

CO (Commercial, Office) District. The CO zoning district is intended to be a transitional area between residential and general commercial uses. The primary uses in this district include offices, incidental retail and/or residential in conjunction with an office, and other compatible uses. Allowable densities for residential units in conjunction with an office may be up to 29 dwelling units per net acre. Other residential density may be up to 17.4 dwelling units per net acre; minimum density is 8.8 dwelling units per net acre. The CO zoning district is consistent with the administrative-professional land use designation of the General Plan.

Prospective buyers are solely responsible for verifying zoning regulations and

development standards for their intended use. The following information is

provided as a guideline only.

- Stockton Municipal Code, Charter, and Civil Service Rules

17

3 Potential Uses

General Class Subcategory Requirements

Business and Professional

Banks & Financial Services

Permitted

Business and Professional

Offices Permitted

Recreation,Education & Public Assembly

Activity Centers Administrative Use Permit


Clubs, Lodges & Private Meeting Halls

Permitted


Academic Schools -Private

Administrative Use Permit


Colleges & Universities -Private

Commission UsePermit

18

3 Potential Uses



Specialized Education & Training



Libraries & Museums

Permitted


Live Entertainment Permitted


Golf Courses & Country Clubs

Commission Use Permit


Parks & Playgrounds

Permitted

19

3 Potential Uses



Religious Facilities Permitted


Studios Permitted

Residential Caretaker & Employee Housing

Permitted

Residential Organizational Houses

Administrative UsePermit

Residential Assisted Living Permitted

Residential Senior Care Facilities (Over 7 Clients)


20

3 Potential Uses


Residential Senior ResidentialProjects

Permitted

Residential Townhouses Permitted

Retail Trade Artisan Shops Permitted

Retail Trade Furniture, Furnishings &Appliance Stores


Retail Trade Nurseries & Garden Supply Stores


Retail Trade Restaurants Permitted

Retail Trade Retail Stores Permitted

Services Adult Day Care Permitted

Services Kennel & Barding Facilities


21

3 Potential Uses


Services Funeral Homes Administrative Use Permit

Services Bed & Breakfast Permitted

Services Hotels & Motels Permitted

Medical Services Ambulance Administrative Use Permit

Medical Services Clinics & Laboratories

Permitted

Medical Services Extended Care Permitted

Medical Services Health Related Permitted

Medical Services Medical Related Permitted

Medical Services Hospitals Commission Use Permit

Services Emergency Shelter Commission Use Permit

Contact

22

Call for Offers

Submission Deadline

Dan Bacani, Senior Vice President BRE License #01385413 Tel 626 204 1525 Cel 626 242 7790Fax 626 628 3022 [email protected]

Seller will accept offers from sincere and qualified

buyers no later than 5:00 p.m. PDT on June 23,

2017. Prospective buyers and/or their

representatives are required to contact Listing

Broker prior to submission for pertinent information

regarding the subject property. Please do not

disturb the current occupants and direct all

inquiries/ correspondences regarding the sale of

the property to the Listing Broker:

225 South Lake Ave. Suite 1170

Pasadena, CA 91101

+1 626 204 1525

naicapital.com

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