3075 Crossroads Drive, Redding, CA 96003

$990,000
Property Type: Comm/Industrial Square Footage: 6,934 Status: Active
Current Price: $990,000 List Date: 6/13/2025 Last Modified: 6/13/2025

Description

This is a rare opportunity to acquire a truly passive, income producing commercial property delivering a solid 6.8% CAP rate with minimal landlord responsibilities. Located at 3075 & 3077 Crossroads, the property consists of two well-maintained buildings on one parcel, totaling 6,934 square feet of flexible office and warehouse space. The first building at 3075 Crossroads includes 2,175 square feet of office space and 1,025 square feet of warehouse space, while the second building at 3077 Crossroads features 1,644 square feet of office space and 2,090 square feet of warehouse space. These mixed-use buildings are designed with a combination of office areas, warehouse space with roll-up doors, and mezzanines, offering versatility to accommodate a wide range of tenants. Currently divided into three units with potential to convert into four for future upside the layout provides efficient configurations ideal for various uses. A long-term tenant, who recently renewed their lease and intends to remain, ensures stable cash flow with very low management demands. The property is currently generating $84,000 in gross annual income, making this turnkey investment perfectly suited for buyers seeking reliable passive income, whether as a long-term hold or a strategic 1031 exchange. This property represents an excellent 1031 exchange opportunity, making it a perfect fit for investors looking to defer capital gains taxes while adding a solid, income producing asset to their portfolio. Redding is evolving beyond a regional hub into a diversified, resilient, and investor-friendly market. The new wave of commercial and residential projects, combined with sector-wide growth and cultural vibrancy, makes it a highly compelling area for smart, long-term commercial property investment. Redding is evolving beyond a regional hub into a diversified, resilient, and investor-friendly market. The new wave of commercial and residential projects, combined with sector-wide growth and cultural vibrancy, makes it a highly compelling area for smart, long-term commercial property investment and is rapidly emerging as a strategic investment destination in Northern California, offering the rare combination of economic resilience and quality of life that is attracting both residents and businesses alike. Situated in a prime commercial area with excellent visibility and accessibility, this asset combines consistent returns with future growth potential making it a smart, hands-off addition to any investment portfolio.

More Information MLS# 25-2708

Address Information

Street Number: 3075 Street Name: Crossroads Cross Street: Old 44 Dr. Street Suffix: Drive State/Province: CA Postal Code: 96003 County: Shasta

Property Description

Current Price: $990,000 Area: 02 - NE Redding List Price: 990000 Parcel Number: 110-270-016-000 Sq Ft - Building: 6934 GP Zone: TC C3 - General Commercial Zoning: Redding GC General Commercial Year Built: 2004 Year Built Desc: 21-30 Years

Remarks

Public Remarks: This is a rare opportunity to acquire a truly passive, income producing commercial property delivering a solid 6.8% CAP rate with minimal landlord responsibilities. Located at 3075 & 3077 Crossroads, the property consists of two well-maintained buildings on one parcel, totaling 6,934 square feet of flexible office and warehouse space. The first building at 3075 Crossroads includes 2,175 square feet of office space and 1,025 square feet of warehouse space, while the second building at 3077 Crossroads features 1,644 square feet of office space and 2,090 square feet of warehouse space. These mixed-use buildings are designed with a combination of office areas, warehouse space with roll-up doors, and mezzanines, offering versatility to accommodate a wide range of tenants. Currently divided into three units with potential to convert into four for future upside the layout provides efficient configurations ideal for various uses. A long-term tenant, who recently renewed their lease and intends to remain, ensures stable cash flow with very low management demands. The property is currently generating $84,000 in gross annual income, making this turnkey investment perfectly suited for buyers seeking reliable passive income, whether as a long-term hold or a strategic 1031 exchange. This property represents an excellent 1031 exchange opportunity, making it a perfect fit for investors looking to defer capital gains taxes while adding a solid, income producing asset to their portfolio. Redding is evolving beyond a regional hub into a diversified, resilient, and investor-friendly market. The new wave of commercial and residential projects, combined with sector-wide growth and cultural vibrancy, makes it a highly compelling area for smart, long-term commercial property investment. Redding is evolving beyond a regional hub into a diversified, resilient, and investor-friendly market. The new wave of commercial and residential projects, combined with sector-wide growth and cultural vibrancy, makes it a highly compelling area for smart, long-term commercial property investment and is rapidly emerging as a strategic investment destination in Northern California, offering the rare combination of economic resilience and quality of life that is attracting both residents and businesses alike. Situated in a prime commercial area with excellent visibility and accessibility, this asset combines consistent returns with future growth potential making it a smart, hands-off addition to any investment portfolio. Directions: Hwy 44 - Exit at Airport Road, north on Airport Road to right at the light on Old 44. First right on Crossroads. Building is toward the end of cul de sac on the left.

Contract Information

Listing Contract Date: 2024-12-07 Status: Active List Date: 2025-06-13

Parking

# Off Street Spaces: 10

Addl Lease Info

# Months Remaining: 36 # of Tenants: 1

Expense Data Source

Income Info $ Amount: 84000

Miscellaneous

Truck Door Height: 10' Truck Door Size: 16'X10'

Utilities

Data Link: CABLE

Financial Info

Cap Rate: 6.8

Property Features

Business Type: Industrial; Office; Warehouse Present Use: Industrial; Medical/Dental; Office Parking: Commercial Vehicle; Off Street; Private; Yard Exterior: Metal; Stucco Roof: Metal Lease Term: 3 - 5 Years Lease Type: Modified Gross Expense Data Source: Owner Actual Floors: Concrete; Wall to Wall Carpet Owner Expenses: Insurance; Repair/Maintenance; Taxes Miscellaneous: Burglar Alarm; Fire Sprinkler; Smoke Detector; Truck Door Utilities: Three Phase; Public Water; Sewer; Storm Sewer; Telephone Available Terms: All Cash to Seller; Cash; Cash to New Loan; New Loan Photo: On File Possession: Close of Escrow
Listing Office: eXp Realty of California, Inc.
Last Updated: June - 13 - 2025
3075 Crossroads Drive, Redding, CA 96003- MLS# 25-2708
Information deemed reliable but not guaranteed.

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