415 Knollcrest Dr - Office FOR SALE


Redding, CA 96002
$2,650,000 USD
530-226-1160
415 Knollcrest Dr, Redding, CA for Sale
$2,650,000 USD
Office - FOR SALE
1/61
null | 6.95% Cap Rate

415 Knollcrest Dr
Redding, CA 96002


HIGHLIGHTS

  • Fully leased multi-tenant investment property in Redding’s Redcliff Business Park
  • Current rental rates are considered below market, presenting opportunities for growth and increased returns for the next owner
  • Competitively priced at $175 per square foot, below replacement cost and comparable sales
  • 52 off-street parking spaces supporting tenant and client convenience
  • Cap Rate of just under 6.95% based on actual income

OVERVIEW

Priced at $175 per square foot, this property offers a competitive investment below both replacement cost and comparable market sales, with current rental rates below market, providing future growth potential. The property includes 52 off-street parking spaces, a convenient ratio of three spaces per 1,000 square feet, making it accessible and attractive to tenants and their clients. Located in the established Redcliff Business Park in central Redding, CA, this ±15,132 square foot office building is fully leased to three long-term tenants, including Community Medical Management Services, Bristol Hospice, and Associa. Each tenant has lease terms extending through 2027 or beyond, with options to renew, ensuring stable income and business diversification. For 2024, the building generates an annual gross income of $274,062, with a cap rate of 6.95% based on stabilized expenses.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

LO

APN/PARCEL ID

107-370-029-000

ASK ABOUT THIS PROPERTY

Chris HaedrichCapital Rivers Commercial - Haedrich GroupMore Info
530-226-1160

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Chris HaedrichCapital Rivers Commercial - Haedrich GroupMore Info
530-226-1160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.