Available For Sale - Office

15,132 SF | Show Pricing $

LISTED BY

Tyler Jardine
Capital Rivers Commercial, 530-221-1127

AVAILABILITY DETAILS

Size
15,132 SF
Price/SF
Show Pricing $
Listing ID
SA556925
Notes
Fully-leased multi-tenant investment property in Redding’s Redcliff Business Park. 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.



- Suite 100: Lease continues through March 2028, with two, three-year options to extend.

- Suite 130: Lease continues through September 2027, with one, three-year option to extend.

- Suite 140B: Lease continues through January 2028, with one, five-year option to extend.



These leases present an excellent diversification of tenant businesses. This property brings in an annual gross income of $263,105 for 2024.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Tyler Jardine, Capital Rivers Commercial
BRE# 01411003