Contacts

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 15, 2024

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.Fully-leased multi-tenant investment property in Redding’s Redcliff Business Park. 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. - 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.

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Highlights

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 6.1% based on actual income

Attachments

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Getting around

59/100
Walk Score ®
27/100
Transit Score ®
61/100
Bike Score ®

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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.