Fully-Leased Investment
$2,650,000
415 Knollcrest Dr, Redding, CA 96002
15,132 sqft
Building Size
0.97 acres
Lot Area
Details:
Highlights:
- Fully leased multi-tenant investment property in Redding’s Redcliff Business Park
- Current rental rates are considered below market, presenting opportunities for growth and increased returns for the next owner..
- Competitively priced at $175 per square foot, below replacement cost and comparable sales.
- 52 off-street parking spaces supporting tenant and client convenience.
- Cap Rate of 7% based on stabilized expenses.
Description:
Located in the established Redcliff Business Park in central Redding, CA, this ±15,132 square foot office building is fully leased to three long-term tenants, including Community Medical Management Services, Bristol Hospice, and Associa. Each tenant has lease terms extending through 2027 or beyond, with options to renew, ensuring stable income and business diversification. For 2024, the building generates an annual gross income of $274,062, with a cap rate of 7% based on stabilized expenses.
Priced at $175 per square foot, this property offers a competitive investment below both replacement cost and comparable market sales, with current rental rates below market, providing future growth potential. The property includes 52 off-street parking spaces, a convenient ratio of three spaces per 1,000 square feet, making it accessible and attractive to tenants and their clients.
REU
Documents:
| Title | ||
|---|---|---|
| 415KnollcrestDrive-Redding_BrochureV6.pdf |
Location
Gallery
