5200 Venture Pkwy - Distribution FOR SALE


Redding, CA 96002
$6,967,000 USD
415-713-8578
5200 Venture Pkwy, Redding, CA for Sale
$6,967,000 USD
Distribution - FOR SALE
1/10
null | 6.25% Cap Rate

5200 Venture Pkwy
Redding, CA 96002


HIGHLIGHTS

  • New 10-year NNN lease with 2% annual increases and minimal landlord maintenance responsibilities
  • Brand new construction Frito-Lay Product Exchange Center – a consolidation and expansion of multiple nearby facilities
  • Frito-Lay controls 60% of the $20 Billion+ chip market with the closest competitor controlling between 10-15%
  • Frito-Lay has the largest “Direct Store Delivery” system in North America with one of the largest private fleets (23,000 vehicles), 15,000 routes
  • PepsiCo, Inc. (Parent) is rated “A+” by S&P and ranked #44 on the Fortune 500 with revenues of $24.91 Billion
  • Oversized 3.70±-acre lot (6.58% building site coverage) with ample parking and possible future expansion potential

OVERVIEW

Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed 10,600± sq.ft. Frito-Lay Product Exchange Center located in Redding, California, featuring a new 10-Year NNN lease with 2% annual rent increases. The property is a consolidation, relocation, and optimization of existing nearby facilities into a larger, state-of-the-art, build-to-suit distribution facility for Frito Lay, servicing the greater Redding and Mount Shasta areas. The property benefits from convenient access to State Routes 44 and 299, and Interstate 5, and the oversized 3.70± acre lot (6.58% building site coverage) can potentially accommodate future expansion of the facility. Redding is the primary population center of Shasta County and Upstate California and the regional economy benefits from a prosperous tourism industry and numerous renewable energy sources with new solar and hydroelectric projects. The surrounding area features solid demographics with over 176,000 people and $97,000 average household income within 20 miles.

FOR SALE DETAILS

PRICE

$6,967,000 USD

PRICE/SF

$657 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Frito-Lay Distribution Facility

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94

LAND SF

41,034

ZONING

-

APN/PARCEL ID

054-220-010-000

ASK ABOUT THIS PROPERTY

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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