info@realestate-redding.com

530-241-8300

638 Azalea Ave, Redding, CA 96002 (MLS# 20-4587)


$2,200,000
638 Azalea Ave
Redding, CA 96002
MLS# 20-4587



638 Azalea Ave, Redding, CA 96002
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Property Description
Hilltop Professional Building. 22 Tenant, 2-story, commercial/office investment. 91% occupied with stable rental history (rarely vacant). 4 separate legal parcels. Annual NOI = $140,000. 6.4% cap rate. Full package available subject to NDA.

Details
Maps
Address Information
Street Number: 638
Street Name: Azalea Ave
Cross Street: Hilltop Drive
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Current Price: $2,200,000
Type: CI
Area: 02 - NE Redding
List Price: $2,200,000
Parcel Number: 107-020-014, 017, 015, 016
Sq Ft - Building: 22000
Sq Ft - Lot: 65340
SqFt - Bldg Rentable: 22000
SqFt - Bldg Usable: 25000
Lot Dim or Acres: 1.5
GP Zone: RED GC - General Commercial
Zoning: RED - B - Combining District
Year Built Desc: 30+
Remarks
Directions: Hilltop Drive, right on Azalea, property is on the corner of Azalea and Iris.
Contract Information
Status: Active
List Date: 2020-09-18
Parking
# Private Spaces: 45
Addl Lease Info
# of Tenants: 22
Property Features
Business Type: Office; Retail
Present Use: Beauty; Health; Medical/Dental; Office
Parking: Conforms to Zoning; Off Street
Sale Inclusions: Lease
Exterior: Stucco; Wood
Roof: Composition
Lease Term: 1 - 2 years
Lease Type: Gross
Expense Data Source: Broker Estimate; Owner Actual
Floors: Concrete; Wood
Utilities: 110V; 220V; Gas; Separate Meter; Sewer; Telephone; Water
Heat/Cool: Central Air; Central Heat
Available Terms: Cash; Cash to New Loan
Photo: Agent Upload
Possession: Close of Escrow

Listing Office: NORTHSTATE COMMERCIAL PARTNERS

Last Updated: September - 21 - 2020

638 Azalea Ave, Redding, CA 96002 - MLS# 20-4587

Information deemed reliable but not guaranteed.

Saturday 31st of October 2020 11:18 AM