Fully Occupied Professional Office Investment In High Profile Redding Business Park

For Sale

415 Knollcrest Dr, Redding, CA 96002

This Redding property for sale is located at 415 Knollcrest Dr. The general use of Fully Occupied Professional Office Investment In High Profile Redding Business Park is office and it incorporates 15,132 square feet of class A office space. The current listed sale price for Fully Occupied Professional Office Investment In High Profile Redding Business Park is $2,650,000. Fully Occupied Professional Office Investment In High Profile Redding Business Park is situated on a lot that is 0.97 acre in size.

Contacts

broker

Tyler Jardine

Capital Rivers Commercial

Property Details

  • Property Type Office - General Office
  • Property Size 15,132 SF
  • Units 3
  • Lot Size 0.97 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1988
  • Year Renovated 2022
  • Date Updated Nov 8, 2024
Ideally located in the center of Redding just off of Interstate 5 via the Cypress Avenue exit. Southwest corner of the intersection of Knollcrest Dr, and Hemsted Dr.Situated in the esteemed Redcliff Business Park in the center of Redding, CA, this 15,132 SF office building is 100% leased by 3 separate tenants: - Suite 100: Lease continues through March 2028, with two, three-year options to extend. -Suite 130: Lease continues through September 2027, with one, three-year option to extend. - Suite 140B: Lease continues through January 2028, with one, five-year option to extend. These leases present an excellent diversification of tenant businesses. This property brings in an annual gross income of $263,105 for 2024. The Cap Rate with stabilized expenses is just under 6.1%. Priced at $175 per sq ft, this fully leased investment opportunity is well below replacement cost and comparable building sales in the market. Rental rates considered to be below market, providing upside potential for the next owner. Additionally, the building includes, 52 parking spaces at a ratio of three spaces per 1,000 sq ft.

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Highlights

  • - 15,132 SF multi-tenant office building
  • - Prime Location, easily accessible from Interstate 5
  • - 52 Off Street Parking Spaces (ratio at 3:1,000 sq ft)
  • - 100% Leased (no vacancy)
  • - Priced at $175 per sq ft
  • - Cap Rate of just under 6.1% based on actual income

Getting around

  • 59/100

    Walk Score ®

  • 27/100

    Transit Score ®

  • 61/100

    Bike Score ®

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Location

  • City Redding, CA
  • Zip Code 96002

Points of Interest

  • Speedway

    0.09 miles

  • 76

    0.11 miles

  • Chevron

    0.14 miles

  • Hilltop Valero

    0.33 miles

  • Shell

    0.35 miles

  • Tesla Supercharger

    0.51 miles

  • Arco

    0.59 miles

  • Safeway Fuel Station

    0.64 miles

  • ChargePoint

    0.75 miles

  • Henderson Open Space

    0.43 miles

  • McConnel Foundation public parking

    2.83 miles

  • Clear Creek Road Park & Ride

    4.02 miles

  • South Parking Lot

    4.34 miles

  • Visitor and Staff Parking

    4.36 miles

  • Gold Hills Golf

    4.44 miles

  • East Parking Lot

    4.49 miles

  • North Parking Lot

    4.52 miles

  • China Gardens Trail

    4.81 miles

  • China Gardens Trailhead

    4.82 miles

  • Motel 6

    0.14 miles

  • Red Lion Inn & Suites

    0.15 miles

  • Best Western Plus

    0.31 miles

  • Holiday Inn Express & Suites

    0.34 miles

  • La Quinta Inn & Suites Redding

    0.37 miles

  • Bridgeway Inn & Suites

    0.37 miles

  • Surestay Plus Hotel by Best Western Redding

    0.48 miles

  • Quality Inn

    0.50 miles

  • TownePlace Suites Redding

    0.52 miles

  • Hampton Inn & Suites Redding

    0.56 miles

  • Ross

    0.44 miles

  • Big Lots

    0.46 miles

  • Burlington

    0.48 miles

  • Orchard Nutrition Center

    0.57 miles

  • Safeway

    0.70 miles

  • Grocery Outlet

    0.71 miles

  • Redding Pinoy Foods

    1.09 miles

  • Sprouts Farmers Market

    1.15 miles

  • Mt. Shasta Mall

    1.17 miles

  • Mount Shasta Mall

    1.18 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Tyler Jardine

Capital Rivers Commercial