$1,000,000
Redding, CA 96001
MLS# 15-5702
Status: Closed
21515 sqft
1 / 2
Property Description
Golden LivingCenters is the 148th largest, privately held company in the US (Forbes) with more than 300 locations in 21 states. Golden Living is paying less than $60/bed in monthly rent. At the end of the current lease, rents are projected to increase 5-fold or more, resulting in a monumental increase in ROI. Tenant has made recent capital upgrades.
Details
Maps
Address Information
Cross Street: Court Street
Street Number: 1836
Street Name: GOLD ST
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 995000
Parcel Number: 104-190-055
Lot Dim or Acres: .84
Sq Ft - Building: 21515
GP Zone: RED GO - General Office
Zoning: RED - C-O - Office District
Year Built Desc: 01-05 Years
Current Price: $1,000,000
Area: 04 - SW Redding
Remarks
Public Remarks: Golden LivingCenters is the 148th largest, privately held company in the US (Forbes) with more than 300 locations in 21 states. Golden Living is paying less than $60/bed in monthly rent. At the end of the current lease, rents are projected to increase 5-fold or more, resulting in a monumental increase in ROI. Tenant has made recent capital upgrades.
Directions: From Placer Street, head south on Court Street, turn right on Gold Street, property on the right.
Business Type
Dental: 1
Medical: 1
Present Use
Medical/Dental: 1
Exterior
Stucco: 1
Parking
Conforms to Zoning: 1
Lease Type
Net-Triple: 1
Addl Lease Info
# of Tenants: 1
# Months Remaining: 60
Utilities
110V: 1
220V: 1
Gas: 1
Public Water: 1
Septic: 1
Sewer: 1
Telephone: 1
Water: 1
Available Terms
Cash to New Loan: 1
New Loan: 1
Heat/Cool
Central Air: 1
Central Heat: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Cash: 1
Owner Expenses
Electric: 1
Gas: 1
Insurance: 1
Taxes: 1
Trash: 1
Water: 1
Janitor: 1
Sewer: 1
Financial Info
Gross Income $: 61200
Net Income $: 61200
Cap Rate: 6
Scheduled Income $: 264000
Vacancy $: 0
Contract Information
Status: Closed
Sold Date: 2016-02-03
Under Contract Date: 2015-12-02
Sold Price: $1,000,000
List Date: 2015-11-23
Property Features
Business Type: Dental; Medical
Present Use: Medical/Dental
Parking: Conforms to Zoning
Exterior: Stucco
Lease Type: Net-Triple
Owner Expenses: Electric; Gas; Insurance; Janitor; Sewer; Taxes; Trash; Water
Utilities: 110V; 220V; Gas; Public Water; Septic; Sewer; Telephone; Water
Available Terms: Cash to New Loan; New Loan
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
IDX
Listing Office: Coldwell Banker Commercial C&C Properties
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.