1175 Hartnell Ave, Redding, CA 96002
$1,050,000
Property Type:
Comm/Industrial
Square Footage:
12,592
Lot Size (sq. ft.):
1
Status:
Closed
Current Price:
$1,050,000
List Date:
9/19/2019
Last Modified:
8/31/2024
Description
National retailer, Harbor Freight Tools, has anchored this fully-leased building since 1993 with several years remaining on current lease term. Two additional smaller tenants occupy the upstairs offices. Great investment property with excellent cash flow.
Supplements: The building has a multi-suite floor plan including 7 private offices, 4 bathrooms, and a large open retail space. It is located near the corner of Hartnell and Churn Creek with excellent visibility. Roof was recently recoated and landscaping and irrigation are new this year. Presently the building is fully occupied with longstanding tenants.
More Information MLS# 19-5080
Address Information
Street Number: 1175
Street Name: Hartnell Ave
Cross Street: Lawrence Street
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $1,050,000
Type: X
Area: 03 - SE Redding
List Price: 1200000
Parcel Number: 068-400-021
Sq Ft - Building: 12592
Sq Ft - Lot: 0.91
SqFt - Bldg Rentable: 12592
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built Desc: 30+
Remarks
Public Remarks: National retailer, Harbor Freight Tools, has anchored this fully-leased building since 1993 with several years remaining on current lease term. Two additional smaller tenants occupy the upstairs offices. Great investment property with excellent cash flow.
Directions: Drive east on Hartnell past Four Corners (Churn Creek and Hartnell).
Contract Information
Status: Closed
Sold Date: 2020-01-10
Under Contract Date: 2019-12-12
Sold Price: $1,050,000
List Date: 2019-09-19
Parking
# Off Street Spaces: 49
Addl Lease Info
# Months Remaining: 47
# of Tenants: 3
Financial Info
Complete Package: Yes
Gross Income $: 118673
Operating Expenses $: 38746
Net Income $: 79926
Cap Rate: 6.7
Property Features
Business Type: Office; Retail; Warehouse
Present Use: Manufacturing; Office; Retail; Warehouse
Parking: Off Street
Sub Zoning: Conforming
Exterior: Metal; Stucco
Roof: Metal
Lease Term: 1 - 2 years; 3 - 5 Years
Lease Type: Modified Gross
Expense Data Source: Owner Actual
Floors: Concrete; Tile; Wall to Wall Carpet
Miscellaneous: Signage; Truck Door
Utilities: 110V; Gas; Public Water; Separate Meter; Sewer
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
Listing Office: Cox Real Estate Consultants, INC.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.