Property Type:InvestmentLot Size (sq. ft.):1Status:UActive Under Contract
Current Price:$1,425,000List Date:2/09/2024Last Modified:5/07/2024
Description
Excellent investment featuring two +/-4,200sf single story office buildings, 100% leased to long term creditable tenants. Quality built and well designed, the two office buildings are positioned in the Park Plaza Office Park which hosts 8 office buildings totaling 30,000sf. Both buildings, 2875 & 2895 Churn Creek Rd. feature versatile modern/friendly floor plans that comfortably accommodate four existing tenants with public utilities, high speed internet, security patrol and on site Owners Association. This is an excellent low risk investment opportunity ! Call LO for full package and please do not disturb tenants.
More Information MLS# 24-593
Address Information
Street Number: 2875, 2895Street Name: Churn Creek RoadCross Street: Hartnell Ave.State/Province: CAPostal Code: 96002County: Shasta
Property Description
Current Price: $1,425,000Type: COArea: 03 - SE ReddingList Price: 1425000Parcel Number: 067-170-062Addl. Parcel Number: 067-170-063Sq Ft - Building: 8400Sq Ft - Lot: 1.22GP Zone: RED GO - General OfficeZoning: RED - C-O - Office DistrictYear Built: 2000Year Built Desc: 21-30 Years
Remarks
Directions: From the intersection East Cypress & Churn Creek Rd: Travel south on Churn Creek Rd. approx. 1/4 Mile, Park Plaza Office Park is on the east side of Churn Creek Rd. (across from Dutch Bros).
Contract Information
Listing Contract Date: 2024-02-05Status: UActive Under ContractList Date: 2024-02-06Commission SO: 3Commission SO Type: %
Addl Lease Info
# of Tenants: 5
Financial Info
Complete Package: Yes
Property Features
Business Type: OfficePresent Use: OfficeParking: Common; Off StreetExterior: StuccoRoof: CompositionLease Term: 1 - 2 years; DepositLease Type: Modified GrossFloors: Partial; Wall to Wall CarpetOwner Expenses: Electric; Garbage; Insurance; Sewer; Taxes; WaterUtilities: 110V; Public Water; Separate Meter; SewerHeat/Cool: Central AirAvailable Terms: All Cash to SellerPhoto: On FilePossession: Arrange
Listing Office: Northstate Commercial Partners
Last Updated: May - 07 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.