$749,000
Redding, CA 96001
MLS# 17-1329
Status: Closed
9000 sqft
1 / 8
Property Description
Fully leased income property with over 2 1/2 years remaining on the lease with quality tenant. The 7,500 sf building was completely remodeled in 2003. There is also a 1,500 sf warehouse with mezzanine on site. Includes the entire parking lot between subject building and Ellis Survey and Art Supply.
Details
Address Information
Cross Street: Market
Street Number: 1401
Street Name: Gold Street
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 825000
Parcel Number: 101-750-002, 101-750-004 & 101-750-005
Sq Ft - Building: 9000
GP Zone: To Follow
Zoning: See Remarks
Year Built Desc: 30+
Current Price: $749,000
Area: 04 - SW Redding
Year Built: 1958
Remarks
Public Remarks: Fully leased income property with over 2 1/2 years remaining on the lease with quality tenant. The 7,500 sf building was completely remodeled in 2003. There is also a 1,500 sf warehouse with mezzanine on site. Includes the entire parking lot between subject building and Ellis Survey and Art Supply.
Directions: SW corner of the intersection of Market and Gold Streets.
Business Type
Office: 1
Retail: 1
Warehouse: 1
Sub Zoning
Conforming: 1
Present Use
Health: 1
Medical/Dental: 1
Office: 1
Warehouse: 1
Exterior
Block: 1
Roof
Tar & Gravel: 1
Floors
Tile: 1
Wall to Wall Carpet: 1
Parking
Conforms to Zoning: 1
Off Street: 1
Lease Type
Modified Gross: 1
Net: 1
Miscellaneous
Burglar Alarm: 1
Fire Alarm: 1
Signage: 1
Storage: Covered
Tenants: 1
Truck Door: 1
Lease Term
3 - 5 Years: 1
Addl Lease Info
# of Tenants: 1
# Months Remaining: 33
Utilities
110V: 1
Gas: 1
Public Water: 1
Sewer: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Expense Data Source
Projected: 1
Heat/Cool
Central Air: 1
Central Heat: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Owner Expenses
Insurance: 1
Management Fee: 1
Repair/Maintenance: 1
Financial Info
Gross Income $: 87720
Operating Expenses $: 12263
Net Income $: 75457
Scheduled Income $: 249198
Contract Information
Status: Closed
Sold Date: 2017-09-12
Under Contract Date: 2017-04-05
Sold Price: $749,000
List Date: 2017-03-21
Property Features
Business Type: Office; Retail; Warehouse
Present Use: Health; Medical/Dental; Office; Warehouse
Parking: Conforms to Zoning; Off Street
Sub Zoning: Conforming
Exterior: Block
Roof: Tar & Gravel
Lease Term: 3 - 5 Years
Lease Type: Net; Modified Gross
Expense Data Source: Projected
Floors: Tile; Wall to Wall Carpet
Owner Expenses: Insurance; Management Fee; Repair/Maintenance
Miscellaneous: Burglar Alarm; Fire Alarm; Signage; Tenants; Truck Door
Utilities: 110V; Gas; Public Water; Sewer
Available Terms: All Cash to Seller; Cash
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Conventional
IDX
Listing Office: Cox Real Estate Consultants, INC.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.