$1,405,000
Redding, CA 96002
MLS# 15-4177
Status: Closed
12000 sqft
1 / 4
Property Description
Centrally located, 12,000 sf high visibility commercial building for sale. 7.0% Cap rate investment with existing below market rents with great tenants. All 3 suites were recently remodeled for each tenant. 1 tenant on 2nd floor with elevator, 2 tenants on 1st floor. 3,000 sf Suite 100 on first floor is available for lease. Great owner-occupant opportunity or long term investment.
Details
Maps
Address Information
Cross Street: Mistletoe
Street Number: 2150
Street Name: Churn Creek
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
List Price: 1395000
Parcel Number: 107-180-053
Lot Dim or Acres: .60
Sq Ft - Building: 12000
SqFt - Bldg Rentable: 12000
Sq Ft - Lot: 26100
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built Desc: 21-30 Years
Current Price: $1,405,000
Area: 03 - SE Redding
Year Built: 1992
Remarks
Public Remarks: Centrally located, 12,000 sf high visibility commercial building for sale. 7.0% Cap rate investment with existing below market rents with great tenants. All 3 suites were recently remodeled for each tenant. 1 tenant on 2nd floor with elevator, 2 tenants on 1st floor. 3,000 sf Suite 100 on first floor is available for lease. Great owner-occupant opportunity or long term investment.
Directions: From I-5 take the Cypress exit east. Turn left (north) on Churn Creek Road. Building is on the left across from Kinko's just before Mistletoe Lane.
Business Type
Office: 1
Sub Zoning
Conforming: 1
Present Use
Office: 1
Exterior
Stucco: 1
Roof
Other: 1
Floors
Tile: 1
Wall to Wall Carpet: 1
Parking
Off Street: 1
Sale Inclusions
Lease: 1
Lease Type
Modified Gross: 1
Miscellaneous
Elevator: 1
Lease Term
1 - 2 years: 1
3 - 5 Years: 1
Addl Lease Info
# of Tenants: 31
Utilities
110V: 1
220V: 1
Data Link: CABLE
Gas: 1
Master Meter: 1
Public Water: 1
Separate Meter: 1
Sewer: 1
Storm Sewer: 1
Telephone: 1
Water: 1
Expense Data Source
Accountant: 1
Heat/Cool
Central Air: 1
Central Heat: 1
Possession
Close of Escrow: 1
Selling Terms
New Loan: 1
Financial Info
Complete Package: Yes
Contract Information
Status: Closed
Sold Date: 2015-10-30
Under Contract Date: 2015-08-17
Sold Price: $1,405,000
List Date: 2015-08-17
Property Features
Business Type: Office
Present Use: Office
Parking: Off Street
Sale Inclusions: Lease
Sub Zoning: Conforming
Exterior: Stucco
Roof: Other
Lease Term: 1 - 2 years; 3 - 5 Years
Lease Type: Modified Gross
Expense Data Source: Accountant
Floors: Tile; Wall to Wall Carpet
Miscellaneous: Elevator
Utilities: 110V; 220V; Gas; Master Meter; Public Water; Separate Meter; Sewer; Storm Sewer; Telephone; Water
Possession: Close of Escrow
Selling Terms: New Loan
IDX
Listing Office: Haedrich & Co., Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.