3300 Bechelli Ln, Redding, CA 96002
$1,187,500
Property Type:
Comm/Industrial
Square Footage:
16,000
Lot Size (sq. ft.):
47,916
Status:
Closed
Current Price:
$1,187,500
List Date:
4/09/2018
Last Modified:
8/31/2024
Description
Well maintained multi-tenant investment property with retail, office and warehouse tenants. Excellent diverse tenant mix creates the ideal investment to weather any market. Seller has owned the building long time without raising rents. 7.25% cap rate on proforma market rents and 6% cap rate on actual current net income. 13 units with 100% occupancy.
Supplements: Approximately 16,000 total square feet with 2,250 square feet consisting of a small stand alone warehouse building in back with 3 roll-up doors. The remainder consists of retail and office space on the 1st floor with approximately 2,000sf on the 2nd floor.
More Information MLS# 18-1930
Address Information
Street Number: 3300
Street Name: Bechelli Ln
Cross Street: Wilshire Drive
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $1,187,500
Type: C
Area: 04 - SW Redding
List Price: 1350000
Parcel Number: 070-250-002-000
Sq Ft - Building: 16000
Sq Ft - Lot: 47916
Lot Dim or Acres: 1.1
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built: 1967
Year Built Desc: 30+
Remarks
Public Remarks: Well maintained multi-tenant investment property with retail, office and warehouse tenants. Excellent diverse tenant mix creates the ideal investment to weather any market. Seller has owned the building long time without raising rents. 7.25% cap rate on proforma market rents and 6% cap rate on actual current net income. 13 units with 100% occupancy.
Directions: Ideally located on the west side of Bechelli Lane in Redding, CA. A very central location with easy access to Interstate 5 and just 1.5 miles north of the new River Crossing Costco Retail project.
Contract Information
Status: Closed
Sold Date: 2018-05-31
Under Contract Date: 2018-05-04
Sold Price: $1,187,500
List Date: 2018-04-09
Property Features
Business Type: Office; Retail; Warehouse
Present Use: Office; Retail; Warehouse
Parking: Common; Conforms to Zoning; Off Street
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Possession: Close of Escrow
Selling Terms: Cash
Listing Office: Haedrich & Co., Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.