2875, 2895 Churn Creek Road, Redding, CA 96002
$1,425,000
Property Type:
Investment
Lot Size (sq. ft.):
1
Status:
Active
Current Price:
$1,425,000
List Date:
2/09/2024
Last Modified:
2/09/2024
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, 2895
Street Name: Churn Creek Road
Cross Street: Hartnell Ave.
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $1,425,000
Type: CO
Area: 03 - SE Redding
List Price: 1425000
Parcel Number: 067-170-062
Addl. Parcel Number: 067-170-063
Sq Ft - Building: 8400
Sq Ft - Lot: 1.22
GP Zone: RED GO - General Office
Zoning: RED - C-O - Office District
Year Built: 2000
Year 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: 2024-02-05
Status: Active
List Date: 2024-02-06
Commission SO: 3
Commission SO Type: %
Addl Lease Info
# of Tenants: 5
Financial Info
Complete Package: Yes
Property Features
Business Type: Office
Present Use: Office
Parking: Common; Off Street
Exterior: Stucco
Roof: Composition
Lease Term: 1 - 2 years; Deposit
Lease Type: Modified Gross
Floors: Partial; Wall to Wall Carpet
Owner Expenses: Electric; Garbage; Insurance; Sewer; Taxes; Water
Utilities: 110V; Public Water; Separate Meter; Sewer
Heat/Cool: Central Air
Available Terms: All Cash to Seller
Photo: On File
Possession: Arrange
Listing Office: Northstate Commercial Partners
Last Updated: February - 09 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.