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1207-1231 East Street

Redding, CA 96001
  • $3,200,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 22-1889
UPDATED: 70 min ago
$3,200,000
  • 0
    BEDS
  • 1.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,000
    SQFT
  • $267
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

3 buildings, 18-unit multi-family project. 100% leased and almost always full. Located downtown with a tenant mix of locals and traveling healthcare professionals. +/-6,000 SF of unoccupied commercial structures will add more revenue to the bottom line. Easy walk to many iconic restaurants (From the Hearth, Charlew's Beer House, Peter Chu's, Cheesecake's Unlimited, etc.). The estimated cap rate is 5.2% based on current rents of +/- $240,000/year (and estimated expenses; this does not include potential com'l bldg rent). Complete Offering Memorandum is in process and will be available shortly. Square footage does not include 6,000 SF of commercial space, provided at no extra cost.

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IDX information © 2022 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: 2022-07-02T16:01:01.997.

Licensed in the State of California.
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1207-1231 East Street Redding, CA 96001

  • Price: $3,200,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 70 min ago
  • ID#: 22-1889
0
Beds
0
Baths
0
½ Baths
1.3
Acres
12,000
SQFT
$267
$/SQFT
Neighborhood:
01 - NW Redding
County:
Shasta
Area:
01 - NW Redding
Property Description
3 buildings, 18-unit multi-family project. 100% leased and almost always full. Located downtown with a tenant mix of locals and traveling healthcare professionals. +/-6,000 SF of unoccupied commercial structures will add more revenue to the bottom line. Easy walk to many iconic restaurants (From the Hearth, Charlew's Beer House, Peter Chu's, Cheesecake's Unlimited, etc.). The estimated cap rate is 5.2% based on current rents of +/- $240,000/year (and estimated expenses; this does not include potential com'l bldg rent). Complete Offering Memorandum is in process and will be available shortly. Square footage does not include 6,000 SF of commercial space, provided at no extra cost.
Exterior Features

Exterior BlockStuccoWood Lot Dim Or Acres 1.30 Parking Conforms To ZoningOff Street Roof CompositionMetal

Interior Features

Floors Wood Heat Cool Wall Sq Ft Bldg Rentable 12000.00 Sq Ft Bldg Usable 12000.00

Property Features

Available Terms All Cash To SellerCash To New LoanNew Loan Business Type Multi-FamilyOffice Expense Data Source Other GPZone Red Muc - Mixed Use Core Lease Term Varies Lease Type Gross Owner Expenses GarbageInsuranceLegalManagement FeeReserve/MaintenanceResident ManagerSewerTaxesWater Possession Close Of Escrow Present Use Multi-FamilyOffice Sale Inclusions LandLease Type Ci Utilities 110VGasPublic WaterSewerTelephoneWater Year Built Description Unknown Zoning Red - Sp - Specific Plan Combining District

Listing provided courtesy of Ken Miller of Northstate Commercial Partners.


IDX information © 2022 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: 2022-07-02T16:01:01.997.

Licensed in the State of California.
 
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Waterman Real Estate
1760 Churn Creek Rd.
Redding CA, 96002