$1,000,000
Redding, CA 96002
MLS# 20-3945
Status: Closed
13265 sqft
1 / 6
Property Description
Multi tenant (5) auto repair and sales center with long standing tenants. Gross annual income of $100.020. 13265 square feet of buildings. CAP RATE is 6.4%. Please call listing agent for more details and additional information. Agents, please see private remarks for additional property purchase information offering a 6.8% CAP. Do not disturb tenants!!
Details
Maps
Address Information
Cross Street: Shasta View
Street Number: 2251
Street Name: Hartnell Ave
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
List Price: 1195000
Parcel Number: 110-210-003-000
Lot Dim or Acres: 54,450
Sq Ft - Building: 13265
SqFt - Bldg Rentable: 13265
Sq Ft - Lot: 54450
SqFt - Bldg Usable: 13265
GP Zone: RED HC - Heavy Commercial
Zoning: Redding HC Heavy Commercial
Year Built Desc: 30+
Current Price: $1,000,000
Area: 03 - SE Redding
Year Built: 1989
Remarks
Public Remarks: Multi tenant (5) auto repair and sales center with long standing tenants. Gross annual income of $100.020. 13265 square feet of buildings. CAP RATE is 6.4%. Please call listing agent for more details and additional information. Agents, please see private remarks for additional property purchase information offering a 6.8% CAP. Do not disturb tenants!!
Directions: East on Hartnell Avenue just past Alta Mesa and prior to Shasta View on the south side.
Business Type
Mixed: 1
Retail: 1
See Remarks: 1
Present Use
Auto: 1
Repair: 1
Service: 1
Exterior
Stucco: 1
Metal: 1
Roof
Composition: 1
Floors
Concrete: 1
Parking
Conforms to Zoning: 1
Lease Type
Other: 1
Miscellaneous
Signage: 1
Lease Term
1 - 2 years: 1
Month to Month: 1
Varies: 1
Utilities
110V: 1
Gas: 1
Three Phase: 1
Public Water: 1
Sewer: 1
Available Terms
Cash to New Loan: 1
New Loan: 1
Heat/Cool
Evaporative: 1
Possession
Arrange: 1
Selling Terms
Cash: 1
Owner Expenses
Insurance $ Amount: 4079
Taxes $ Amount: 1.25
Financial Info
Gross Income $: 100020
Price/SqFt-Building: 90
Net Income $: 79628.39
Cap Rate: 6.4
Vacancy $: 0
Contract Information
Status: Closed
Sold Date: 2021-06-14
Under Contract Date: 2021-04-10
Sold Price: $1,000,000
List Date: 2020-08-12
Property Features
Business Type: Mixed; Retail; See Remarks
Present Use: Auto; Repair; Service
Parking: Conforms to Zoning
Exterior: Metal; Stucco
Roof: Composition
Lease Term: 1 - 2 years; Month to Month; Varies
Lease Type: Other
Floors: Concrete
Miscellaneous: Signage
Utilities: 110V; Gas; Three Phase; Public Water; Sewer
Available Terms: Cash to New Loan; New Loan
Possession: Arrange
Selling Terms: Cash
IDX
Listing Office: House of Realty
Co Office Name: House of Realty
Co Listing Agent: Robbie Middleton
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.