$1,187,500
Redding, CA 96002
MLS# 18-1930
Status: Closed
16000 sqft
1 / 5
Property Description
Well maintained multi-tenant investment property with retail, office and warehouse tenants. Excellent diverse tenant mix creates the ideal investment to weather any market. Seller has owned the building long time without raising rents. 7.25% cap rate on proforma market rents and 6% cap rate on actual current net income. 13 units with 100% occupancy.
Details
Maps
Address Information
Cross Street: Wilshire Drive
Street Number: 3300
Street Name: Bechelli Ln
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
List Price: 1350000
Parcel Number: 070-250-002-000
Lot Dim or Acres: 1.1
Sq Ft - Building: 16000
Sq Ft - Lot: 47916
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built Desc: 30+
Current Price: $1,187,500
Area: 04 - SW Redding
Year Built: 1967
Remarks
Public Remarks: Well maintained multi-tenant investment property with retail, office and warehouse tenants. Excellent diverse tenant mix creates the ideal investment to weather any market. Seller has owned the building long time without raising rents. 7.25% cap rate on proforma market rents and 6% cap rate on actual current net income. 13 units with 100% occupancy.
Directions: Ideally located on the west side of Bechelli Lane in Redding, CA. A very central location with easy access to Interstate 5 and just 1.5 miles north of the new River Crossing Costco Retail project.
Business Type
Office: 1
Retail: 1
Warehouse: 1
Present Use
Office: 1
Retail: 1
Warehouse: 1
Parking
Common: 1
Conforms to Zoning: 1
Off Street: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Selling Terms
Cash: 1
Contract Information
Status: Closed
Sold Date: 2018-05-31
Under Contract Date: 2018-05-04
Sold Price: $1,187,500
List Date: 2018-04-09
Property Features
Business Type: Office; Retail; Warehouse
Present Use: Office; Retail; Warehouse
Parking: Common; Conforms to Zoning; Off Street
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Possession: Close of Escrow
Selling Terms: Cash
Supplements
Approximately 16,000 total square feet with 2,250 square feet consisting of a small stand alone warehouse building in back with 3 roll-up doors. The remainder consists of retail and office space on the 1st floor with approximately 2,000sf on the 2nd floor.
IDX
Listing Office: Haedrich & Co., Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.