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Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 3021 Reynolds Ranch Parkway (the “Property”), an institutional quality 2-building office project located just north of Stockton and south of Sacramento in Lodi, California. Strategically positioned with Highway 99 frontage, the 146,845 square foot Class A office property spans across 20.5 acres, and is just steps away from Reynold Ranch, providing direct access to every-day amenities, restaurants and retail options.


The Property is currently 100% owned and occupied by Blue Shield of California (Fitch: A) who will execute a 10-year leaseback on the “North” building of the project which encompasses 81,001 square feet, or 55% of the net rentable area. Throughout their ownership of the Property, Blue Shield has consistently invested in the space in order to hold its place as some of the highest quality product along Highway 99, as evidenced by their $1.4 million of capital spent since 2019. 3021 Reynolds Ranch is widely recognized as the highest quality office project in Lodi and competes with some of the best product in Stockton.


Over the last few years, Lodi and the greater Stockton area have experienced a dramatic influx of tenants from neighboring Silicon Valley and Sacramento, who have been displaced by the continuous expansion of tech giants, and the tangible supply and demand imbalance of affordable office space in those markets. With direct proximity to both of these primary markets, secondary markets like Lodi are strategically positioned to capture the newfound tenant demand that is accelerating out of these MSA’s.


3021 Reynold Ranch Parkway offers investors an exceptional investment opportunity featuring a freshly signed 10-year lease to a credit tenant, 146,845 square feet across 20.5 acres, and a compelling transit-oriented location.

Investment highlights

  • Blue Shield of CA (Fitch: A) leaseback of 55% of the property
  • Best in class office project adjacent to major transportation arterials
  • Rare combination of scale & optionality
  • $1.4M of capital recently invested with an additional $1.5M deploying in 2021
  • Ideal "post-COVID" building features
  • Walking distance to high quality amenity base
  • Proximity to Sacramento and the Silicon Valley
  • Proven ability to retain large corporate tenants
Last Updated Date: 08 Oct 2021
Adam Lasoff
Adam Lasoff
Managing Director, Capital Markets
Erik Hanson
Erik Hanson
Senior Director, Capital Markets
Broker Licenses
CA - 1860062

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Last Updated Date: 08 Oct 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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