Multi-tenant Leased Industrial Complex for Sale

Highlights:

• 95% Occupancy - Stabilized Investment
• Upside with lease of vacant units
• 8.08% Proforma Cap Rate
• Central location in Mountain Lakes Industrial Park
• Highly established industrial complex
• Redding CA - Regional Center
• Halfway between Sacramento, CA and Medford, OR
• Equidistant between Seattle and Los Angeles
• Convenient proximity to I-5
• 12.98 Acres
• 325 Parking spaces
• 9 Loading Docks
• Clear Height 24-28'
• Roof - Metal with Insulation
• Fire Suppression - Automatic Wet System
• Elevator in a 2-story office
• Redding Electric Utility - Water, Sewer, Trash, Electricity
• PG&E - Gas Utility
• Zoned GI - General Industrial in City of Redding
• Electrical Service: 3700 Amps 277/480V
• Built in 1971, Substantial renovation in 2012
• Key corner of Beltline Rd and Caterpillar Rd

Description:

Mountain Lakes Center is a premier 228,568 SF industrial complex located within the expansive Mountain Lakes Industrial Park in Redding, CA, with over 1.2 million SF of industrial space just west of I-5.

Redding, CA is a preferred location for businesses as a regional hub for a drive radius of hours in each direction and its low utility rates due to Redding Electric Utility (REU) provision of Water, Sewer, Trash and Electric utilities. Redding's ample outdoor recreation opportunities including 200+_ miles of paved walking trails, lakes and National Parks and relatively low cost of living compared to other areas of California, assist with recruitment and retention of workforce.

This property is strategically positioned at the intersection of Caterpillar Road and Beltline Road, the property offers excellent connectivity and convenient access to I-5 in multiple directions. Center is currently 95% occupied by a diverse mix of tenants with three remaining vacancies as an opportunity for further value add.

Located in the primary industrial park in Redding, CA, less than 1 mile from I-5. This multi tenant industrial complex is located at the northeast corner of Caterpillar Rd and Beltline Rd.

The property is equipped with 3,700 amps of power at 277/480V, providing electrical capacity for industrial operations. Utilities are supplied by the City of Redding, including water, sewer and trash services, while PG&E provides natural gas. Additionally, the property features an automatic wet fire suppression system, ensuring enhanced safety and compliance.

Automatic Wet System

3700 Amps, 277/480V

PG&E

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