Bought with eXp Realty of Northern California, Inc.
$1,100,000
$1,200,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
3652 Eureka Way Redding, CA 96001
3,905 SqFt
Key Details
Sold Price $1,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,905 sqft
Price per Sqft $281
MLS Listing ID 24-2138
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.
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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