1640 CYPRESS AVE, Redding, CA 96002

$1,550,000
Property Type: Investment Lot Size (sq. ft.): 46,600 Status: Closed
Current Price: $1,550,000 List Date: 8/01/2016 Last Modified: 11/01/2024

Description

PROPERTY IS VERY WELL MAINTAINED WITH NEW SECURITY AND ENTRANCE FACILITY COMPLETED LAST YEAR. THE VACANCY IN 2015 WAS APPROXIMATELY 8%. SO FAR THIS YEAR THE VACANCY IS LESS THAN 3%. SELLERS WILL LEASE BACK THEIR OFFICE SPACE IF BUYER SO DESIRES.

More Information MLS# 16-3815

Address Information

Street Number: 1640 Street Name: CYPRESS AVE Cross Street: VICTOR AVE. State/Province: CA Postal Code: 96002 County: Shasta

Property Description

Current Price: $1,550,000 Type: ER Area: 02 - NE Redding List Price: 1600000 Parcel Number: 067-080-016 Sq Ft - Building: 23900 Sq Ft - Lot: 46600 SqFt - Bldg Rentable: 23900 SqFt - Bldg Usable: 23900 GP Zone: RED HC - Heavy Commercial Zoning: RED - C-3 - Heavey CM and Light Indust Dist Year Built Desc: 21-30 Years

Remarks

Public Remarks: PROPERTY IS VERY WELL MAINTAINED WITH NEW SECURITY AND ENTRANCE FACILITY COMPLETED LAST YEAR. THE VACANCY IN 2015 WAS APPROXIMATELY 8%. SO FAR THIS YEAR THE VACANCY IS LESS THAN 3%. SELLERS WILL LEASE BACK THEIR OFFICE SPACE IF BUYER SO DESIRES. Directions: FROM I-5 TRAVEL EAST ON EAST CYPRESS AVE. PROPERTY IS ON LEFT JUST WEST OF VICTOR AVE.

Contract Information

Status: Closed Sold Date: 2016-12-16 Under Contract Date: 2016-11-17 Sold Price: $1,550,000 List Date: 2016-08-01

Parking

# Off Street Spaces: 10 # On Street Spaces: 6

Miscellaneous

Storage: Covered Truck Door Height: 10'

Financial Info

Complete Package: Yes Include Vacancy: Yes

Property Features

Business Type: Mini Storage; Office Present Use: Mini Storage; Office Sale Inclusions: Business; Equipment; Land; Trade Fixtures Sub Zoning: Conforming Exterior: Metal; Stucco Roof: Metal; Tile Lease Term: Varies Lease Type: Modified Gross Expense Data Source: Owner Actual Floors: Concrete; Wall to Wall Carpet Miscellaneous: Burglar Alarm; Fire Alarm; Signage Utilities: 110V; 220V; Gas; Public Water; Separate Meter; Sewer; Storm Sewer Available Terms: All Cash to Seller; Cash to New Loan Possession: Close of Escrow Selling Terms: Exchange
Listing Office: TERRA PROPERTIES
Last Updated: November - 01 - 2024
1640 CYPRESS AVE, Redding, CA 96002- MLS# 16-3815
Information deemed reliable but not guaranteed.

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