$2,535,000
Redding, CA 96002
MLS# 24-4741
Status: Closed
14750 sqft
1 / 35
Property Description
Arguably one of the most prestigious office buildings in Redding, CA, this 100% occupied professional office property is an ideal investment. At 14,750 square feet, this building is located in Central Redding, providing easy access to Interstate 5 and Highway 44. Offering an executive aesthetic, this two story brick building with floor to ceiling windows, and first class suites. Priced at just $182 per sq ft, this is well below the replacement cost for a building of this quality with a cap rate of just 6.7% Suite 125 is Leased through September 2028 Suite 150 Is Leased through November 2026 Suite 200 Is Leased through May 2026 Suite 201 is leased through January 2028 Parking for this building is at a rate of 3 spaces per 1,000 sq ft for a total of 45 spaces.
Details
Maps
Address Information
Street Suffix: Way
Cross Street: Larkspur Lane
Street Number: 930
Street Name: Executive
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
List Price: 2690000
Parcel Number: 107-190-034
Lot Dim or Acres: 0.73
Sq Ft - Building: 14750
SqFt - Bldg Rentable: 14750
SqFt - Bldg Usable: 14750
GP Zone: RED GO - General Office
Zoning: Redding Go-BH General Office Building Height
Year Built Desc: 30+
Current Price: $2,535,000
Area: 03 - SE Redding
Year Built: 1993
Remarks
Public Remarks: Arguably one of the most prestigious office buildings in Redding, CA, this 100% occupied professional office property is an ideal investment. At 14,750 square feet, this building is located in Central Redding, providing easy access to Interstate 5 and Highway 44. Offering an executive aesthetic, this two story brick building with floor to ceiling windows, and first class suites. Priced at just $182 per sq ft, this is well below the replacement cost for a building of this quality with a cap rate of just 6.7%
Suite 125 is Leased through September 2028
Suite 150 Is Leased through November 2026
Suite 200 Is Leased through May 2026
Suite 201 is leased through January 2028
Parking for this building is at a rate of 3 spaces per 1,000 sq ft for a total of 45 spaces.
Directions: Ideally located in the center of Redding between Churn Creek Rd and Hilltop Dr, the City's primary retail corridor. Easy access to both I-5 and Highway 44.
Mistletoe Lane, South to Larkspur Lane, East to Executive Way.
Contract Information
Listing Contract Date: 2024-11-06
Status: Closed
Sold Date: 2025-07-01
Under Contract Date: 2025-05-15
Sold Price: $2,535,000
List Date: 2024-11-06
Business Type
Office: 1
Present Use
Office: 1
Parking
Off Street: 1
Possession
Close of Escrow: 1
Selling Terms
Conventional: 1
Property Features
Business Type: Office
Present Use: Office
Parking: Off Street
Possession: Close of Escrow
Selling Terms: Conventional
IDX
Listing Office: Capital Rivers Commercial
Last Updated: September - 30 - 2025
Information deemed reliable but not guaranteed.