2150 Churn Creek, Redding, CA 96002
$1,405,000
Property Type:
Comm/Industrial
Square Footage:
12,000
Lot Size (sq. ft.):
26,100
Status:
Closed
Current Price:
$1,405,000
List Date:
8/18/2015
Last Modified:
8/31/2024
Description
Centrally located, 12,000 sf high visibility commercial building for sale. 7.0% Cap rate investment with existing below market rents with great tenants. All 3 suites were recently remodeled for each tenant. 1 tenant on 2nd floor with elevator, 2 tenants on 1st floor. 3,000 sf Suite 100 on first floor is available for lease. Great owner-occupant opportunity or long term investment.
More Information MLS# 15-4177
Address Information
Street Number: 2150
Street Name: Churn Creek
Cross Street: Mistletoe
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $1,405,000
Type: CO
Area: 03 - SE Redding
List Price: 1395000
Parcel Number: 107-180-053
Sq Ft - Building: 12000
Sq Ft - Lot: 26100
SqFt - Bldg Rentable: 12000
Lot Dim or Acres: .60
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built: 1992
Year Built Desc: 21-30 Years
Remarks
Public Remarks: Centrally located, 12,000 sf high visibility commercial building for sale. 7.0% Cap rate investment with existing below market rents with great tenants. All 3 suites were recently remodeled for each tenant. 1 tenant on 2nd floor with elevator, 2 tenants on 1st floor. 3,000 sf Suite 100 on first floor is available for lease. Great owner-occupant opportunity or long term investment.
Directions: From I-5 take the Cypress exit east. Turn left (north) on Churn Creek Road. Building is on the left across from Kinko's just before Mistletoe Lane.
Contract Information
Status: Closed
Sold Date: 2015-10-30
Under Contract Date: 2015-08-17
Sold Price: $1,405,000
List Date: 2015-08-17
Addl Lease Info
# of Tenants: 31
Utilities
Data Link: CABLE
Financial Info
Complete Package: Yes
Property Features
Business Type: Office
Present Use: Office
Parking: Off Street
Sale Inclusions: Lease
Sub Zoning: Conforming
Exterior: Stucco
Roof: Other
Lease Term: 1 - 2 years; 3 - 5 Years
Lease Type: Modified Gross
Expense Data Source: Accountant
Floors: Tile; Wall to Wall Carpet
Miscellaneous: Elevator
Utilities: 110V; 220V; Gas; Master Meter; Public Water; Separate Meter; Sewer; Storm Sewer; Telephone; Water
Possession: Close of Escrow
Selling Terms: New Loan
Listing Office: Haedrich & Co., Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.