$600,000
Anderson, CA 96007
MLS# 24-131
Status: Closed
11188 sqft
1 / 11
Property Description
Almost 8.3% cap rate at below market rents! Former Bank of America building available for sale or lease on busy North Street in Anderson, CA. This 11,188 square foot standalone building has approximately 9,000 on the first floor and an additional 2,188 square feet available on the 2nd floor. The property includes an expansive parking lot and existing multi-lane drive-thru. Priced to sell at just $62/sf, or lease it for just $0.65/sf modified gross, that's less than industrial space! With asking rent, list price comes in just under 8.3% cap rate. See documents section for brochure.
Details
Maps
Address Information
Cross Street: Oak St
Street Number: 2245
Street Name: North St
State/Province: CA
Postal Code: 96007
County: Shasta
Property Description
List Price: 695000
Parcel Number: 201-010-031-000
Lot Dim or Acres: 1.65
Sq Ft - Building: 11188
GP Zone: AND C-1 - General Commercial
Zoning: Anderson MU Mixed Use
Year Built Desc: 30+
Current Price: $600,000
Area: 05 - Anderson
Year Built: 1977
Remarks
Public Remarks: Almost 8.3% cap rate at below market rents! Former Bank of America building available for sale or lease on busy North Street in Anderson, CA. This 11,188 square foot standalone building has approximately 9,000 on the first floor and an additional 2,188 square feet available on the 2nd floor. The property includes an expansive parking lot and existing multi-lane drive-thru. Priced to sell at just $62/sf, or lease it for just $0.65/sf modified gross, that's less than industrial space! With asking rent, list price comes in just under 8.3% cap rate.
See documents section for brochure.
Directions: I-5 Exit on North Street heading West. Property will be on the left hand side just before the intersection of North Street and Martha Street.
Contract Information
Listing Contract Date: 2024-01-10
Status: Closed
Sold Date: 2025-04-01
Under Contract Date: 2025-01-31
Sold Price: $600,000
List Date: 2024-01-10
Business Type
Mixed: 1
Office: 1
Retail: 1
Present Use
Mixed: 1
Office: 1
Retail: 1
Parking
Off Street: 1
Possession
Close of Escrow: 1
Selling Terms
Conventional: 1
Property Features
Business Type: Mixed; Office; Retail
Present Use: Mixed; Office; Retail
Parking: Off Street
Possession: Close of Escrow
Selling Terms: Conventional
IDX
Listing Office: Capital Rivers Commercial
Co Office Name: Capital Rivers Commercial
Co Listing Agent: Tyler Jardine
Last Updated: April - 09 - 2025
Information deemed reliable but not guaranteed.