2466 Progress Drive, Redding, CA 96001

$905,000
Property Type: Comm/Industrial Square Footage: 5,632 Lot Size (sq. ft.): 20,908 Status: Active
Current Price: $905,000 List Date: 6/10/2025 Last Modified: 6/27/2025

Description

Seize the opportunity to acquire a turnkey industrial investment with strong in-place income and minimal management demands. This approximately 5,632-sqft light industrial warehouse, situated on a 20,908-sqft parcel, is fully leased to established tenants under long-term agreements running through May 2028. Built in 2007, the property offers good construction quality, functional design, and efficient utility for a variety of industrial users. Located in Redding's active and accessible industrial zone, this asset benefits from close proximity to Interstate 5 and major regional connectors. The building features generous clearance heights, multiple roll-up doors, flexible floor plan layouts, and on-site parking—making it an ideal home for light manufacturing, distribution, or service-oriented operations in the future. With strong tenant performance and zero current vacancies, this is an ideal option for investors seeking stable, predictable returns in a growing Northern California market. Investment Highlights: ~5,632 SF industrial building ~20,908 SF lot with functional layout and access. This includes a front office area with private offices, and large open-bay warehouse space. - Built in 2007 with durable, low-maintenance construction - Fully leased through May 2028 to long-term tenants - Excellent location with quick access to I-5 and major arterials - Zoned for a wide range of light industrial uses. The opportunities are endless to build out this great space for your future needs, all while enjoying the security of having a tenant in place for excellent cash flow.

More Information MLS# 25-1735

Address Information

Street Number: 2466 Street Name: Progress Cross Street: Eastside Rd Street Suffix: Drive State/Province: CA Postal Code: 96001 County: Shasta

Property Description

Current Price: $905,000 Type: c Area: 04 - SW Redding List Price: 905000 Parcel Number: 048-110-027-000 Sq Ft - Building: 5632 Sq Ft - Lot: 20908 GP Zone: Unknown Zoning: Unknown Year Built: 2007 Year Built Desc: 11-20 Years

Remarks

Public Remarks: Seize the opportunity to acquire a turnkey industrial investment with strong in-place income and minimal management demands. This approximately 5,632-sqft light industrial warehouse, situated on a 20,908-sqft parcel, is fully leased to established tenants under long-term agreements running through May 2028. Built in 2007, the property offers good construction quality, functional design, and efficient utility for a variety of industrial users. Located in Redding's active and accessible industrial zone, this asset benefits from close proximity to Interstate 5 and major regional connectors. The building features generous clearance heights, multiple roll-up doors, flexible floor plan layouts, and on-site parking—making it an ideal home for light manufacturing, distribution, or service-oriented operations in the future. With strong tenant performance and zero current vacancies, this is an ideal option for investors seeking stable, predictable returns in a growing Northern California market. Investment Highlights: ~5,632 SF industrial building ~20,908 SF lot with functional layout and access. This includes a front office area with private offices, and large open-bay warehouse space. - Built in 2007 with durable, low-maintenance construction - Fully leased through May 2028 to long-term tenants - Excellent location with quick access to I-5 and major arterials - Zoned for a wide range of light industrial uses. The opportunities are endless to build out this great space for your future needs, all while enjoying the security of having a tenant in place for excellent cash flow. Directions: From Eastside Rd, east on Progress Drive; property is on the north side of Progress Drive near the end of the cul-de-sac.

Contract Information

Listing Contract Date: 2025-04-22 Status: Active List Date: 2025-04-22

Parking

# Private Spaces: 6

Addl Lease Info

# of Tenants: 1

Property Features

Business Type: Industrial; Office; Warehouse Present Use: Industrial; Mixed; Office; Repair; Service; Service Station; Warehouse Parking: On Street; Private Sale Inclusions: Lease Sub Zoning: Conforming Exterior: Metal; Stucco Roof: Metal Lease Term: 3 - 5 Years Floors: Concrete Miscellaneous: Tenants Utilities: Public Water; Sewer Available Terms: 1031 Required; All Cash to Seller; Cash; New Loan; Submit Photo: Agent Upload Possession: Arrange
Listing Office: AD Ventures Realty
Last Updated: June - 27 - 2025
2466 Progress Drive, Redding, CA 96001- MLS# 25-1735
Information deemed reliable but not guaranteed.

Compare listings

Compare