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    1880 Shasta St

    Redding, CA 96001
    • $1,250,000
    • STATUS: Active
    • ON SITE: 428 days
    • ID#: 19-4588
    UPDATED: 27 min ago
    $1,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,350
      SQFT
    • $110
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Great cash flow and a 7.9% cap rate! Fully leased through September 2022 with excellent tenant. Free-standing 11,350 square foot professional office building. Located in Downtown Redding where there is more than $300 million in construction projects underway.Private, off-street parking. New roof in 2018, fully remodeled in 2005.Includes an industrial sized kitchen, 40 private offices, 3 sets of men's and women's restrooms, 2 conference rooms, 5 entrances and access ramp. Easily split into two suites. Zoning is GC-VR

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    IDX information © 2020 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2020-10-25T09:59:14.657.

    Licensed in the State of California.
    www.vistaredding.com/homes/98267527
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    1880 Shasta St Redding, CA 96001

    • Price: $1,250,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 19-4588
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,350
    SQFT
    $110
    $/SQFT
    Neighborhood:
    01 - NW Redding
    County:
    Shasta
    Area:
    01 - NW Redding
    Property Description
    Great cash flow and a 7.9% cap rate! Fully leased through September 2022 with excellent tenant. Free-standing 11,350 square foot professional office building. Located in Downtown Redding where there is more than $300 million in construction projects underway.Private, off-street parking. New roof in 2018, fully remodeled in 2005.Includes an industrial sized kitchen, 40 private offices, 3 sets of men's and women's restrooms, 2 conference rooms, 5 entrances and access ramp. Easily split into two suites. Zoning is GC-VR
    Exterior Features

    Exterior BlockStuccoWood Lot Dim Or Acres .59 Parking Off Street Spaces 31.00 Roof Other

    Interior Features

    Floors Wall To Wall Carpet Heat Cool Central AirCentral Heat

    Property Features

    Addl Lease Info Months Remaining 30.00 Addl Lease Info Tenants 1.00 Available Terms All Cash To SellerCash Business Type Office Cap Rate 7.90 Expense Data Source Owner Actual Financial Info Complete Package Yes GPZone Red Gc - General Commercial Gross Income 150754.00 Lease Type Modified Gross Miscellaneous Burglar Alarm Net Income 98465.00 Operating Expenses 52288.00 Possession Close Of Escrow Present Use Office Sub Zoning Conforming Type X Utilities 110VMaster MeterPublic WaterSewerTelephone Year Built Description Unknown Zoning See Remarks

    Listing provided courtesy of Janice C. Cunningham, Cre of Cox Real Estate Consultants, Inc..


    IDX information © 2020 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2020-10-25T09:59:14.657.

    Licensed in the State of California.
     
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    3645 Eureka Way
    Redding CA, 96001