1836 GOLD ST, Redding, CA 96001
$1,000,000
Property Type:
Comm/Industrial
Square Footage:
21,515
Status:
Closed
Current Price:
$1,000,000
List Date:
11/24/2015
Last Modified:
8/31/2024
Description
Golden LivingCenters is the 148th largest, privately held company in the US (Forbes) with more than 300 locations in 21 states. Golden Living is paying less than $60/bed in monthly rent. At the end of the current lease, rents are projected to increase 5-fold or more, resulting in a monumental increase in ROI. Tenant has made recent capital upgrades.
More Information MLS# 15-5702
Address Information
Street Number: 1836
Street Name: GOLD ST
Cross Street: Court Street
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Current Price: $1,000,000
Type: CI
Area: 04 - SW Redding
List Price: 995000
Parcel Number: 104-190-055
Sq Ft - Building: 21515
Lot Dim or Acres: .84
GP Zone: RED GO - General Office
Zoning: RED - C-O - Office District
Year Built Desc: 01-05 Years
Remarks
Public Remarks: Golden LivingCenters is the 148th largest, privately held company in the US (Forbes) with more than 300 locations in 21 states. Golden Living is paying less than $60/bed in monthly rent. At the end of the current lease, rents are projected to increase 5-fold or more, resulting in a monumental increase in ROI. Tenant has made recent capital upgrades.
Directions: From Placer Street, head south on Court Street, turn right on Gold Street, property on the right.
Contract Information
Status: Closed
Sold Date: 2016-02-03
Under Contract Date: 2015-12-02
Sold Price: $1,000,000
List Date: 2015-11-23
Addl Lease Info
# Months Remaining: 60
# of Tenants: 1
Financial Info
Gross Income $: 61200
Net Income $: 61200
Cap Rate: 6
Scheduled Income $: 264000
Property Features
Business Type: Dental; Medical
Present Use: Medical/Dental
Parking: Conforms to Zoning
Exterior: Stucco
Lease Type: Net-Triple
Owner Expenses: Electric; Gas; Insurance; Janitor; Sewer; Taxes; Trash; Water
Utilities: 110V; 220V; Gas; Public Water; Septic; Sewer; Telephone; Water
Available Terms: Cash to New Loan; New Loan
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
Listing Office: Coldwell Banker Commercial C&C Properties
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.