Redding, CA 96001,3652 Eureka Way
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Redding, CA 96001,3652 Eureka Way
Redding, CA 96001,3652 Eureka Way
Redding, CA 96001,3652 Eureka Way
Redding, CA 96001,3652 Eureka Way
Listed by Ryan B Haedrich • Capital Rivers Commercial
Bought with eXp Realty of Northern California, Inc.

$1,100,000

Est. payment /mo

$1,200,000

8.3%
Est.Price: ?

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3652 Eureka Way Redding, CA 96001

32,670 SqFt

SOLD DATE : 06/28/2024

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type A

Listing Status Sold

Purchase Type For Sale

Square Footage 32,670 sqft

Price per Sqft $33

MLS Listing ID 24-2143

Sold Date 06/28/24

Originating Board Shasta Association of REALTORS®

Year Built 2002

Lot Size 0.750 Acres

Acres 0.75

Property Description

Positioned in the thriving Redding area, this impressive office building spans 3,905 square feet and features a single, fully occupied building. With a strong medical tenant, this property presents a compelling investment opportunity for commercial real estate investors. Boasting high end design elements and well-maintained facilities, this asset is poised to deliver a strong and consistent return. Its strategic location provides visibility and accessibility, ensuring long-term appeal for tenants and potential for continued growth. Don't miss the chance to add this high-performing property to your portfolio and benefit from the stability and potential it offers in the dynamic Redding market. Secure Investment with Long-Term Tenant: This stand-alone building is leased to Paradigm Clinical Research under a secure Triple Net (NNN) lease agreement. Signed in September 2021, the initial lease term extends to August 2026, with built-in rent increases of 3% annually. Additionally, Paradigm has the right to extend the lease for three more 5-year terms, offering continued stable income and potential for further rent growth.

About tenant; https://www.paradigm-research.com/about-us

See documents section for brochure.

Location

State CA

County Shasta

Direction Nearby Whiskeytown Lake provides outdoor recreational opportunities, while the renowned Sundial Bridge and Turtle Bay Exploration Park offer cultural enrichment.

Exterior

Garage Off Street

Parking Type Off Street

Building

Level or Stories NaN

Others

Senior Community No

Tax ID 103-570-008-000

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