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530-241-8300

2150 Churn Creek Rd, Redding, CA 96002 (MLS# 20-3847)


$1,995,000
2150 Churn Creek Rd
Redding, CA 96002
MLS# 20-3847



2150 Churn Creek Rd, Redding, CA 96002
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Property Description
100% Leased Investment with 6.2% CAP Rate

Professional two-story multi-tenant office building with elevator. First floor leased through February 2023 and the second floor leased through December 2024 with a 5-year option to extend. 3% annual escalations in leases. Building is located on a heavy trafficked corridor with traffic counts of approximately 20,000+ cars per day.



Details
Maps
Address Information
Street Number: 2150
Street Name: Churn Creek Rd
Cross Street: Mistletoe Lane
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $1,995,000
Type: C
Area: 03 - SE Redding
List Price: $1,995,000
Parcel Number: 107-180-053-000
Sq Ft - Building: 12000
Sq Ft - Lot: 26893
Lot Dim or Acres: 0.62
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built: 1992
Year Built Desc: 21-30 Years
Remarks
Directions: From I-5 take Cypress exit east. Turn left (north) onto Churn Creek Road. Building is on the left across from Kinko's just before Misletoe Lane.
Contract Information
Status: Active
List Date: 2020-08-05
Property Features
Business Type: Office
Present Use: Office
Parking: Common; Conforms to Zoning; Off Street
Lease Type: Modified Gross
Heat/Cool: Central Air; Central Heat
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Photo: Agent Upload
Possession: Close of Escrow

Listing Office: HAEDRICH & CO., INC.

Last Updated: August - 07 - 2020

2150 Churn Creek Rd, Redding, CA 96002 - MLS# 20-3847

Information deemed reliable but not guaranteed.

Saturday 31st of October 2020 10:18 AM