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Browse More Listings in Office For Sale, Redding, CA or California

Office Property For Sale

MARKET STREET BUILDING

1737 Market Street, Redding, CA 96001

Price:
$1,250,000
Building Size:
10,700 SF
Price/SF:
$116.82
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7%
Occupancy:
100%
No. Stories:
2
Building Class:
B
Tenancy:
Multiple
Year Built:
1960
Lot Size:
0.31 AC
Tax ID / APN #:
101-120-024
Parking Ratio:
1.70 / 1,000 SF
Find Out More...

Last Verified 10/14/2009 Listing ID 15315812

Highlights

PHENOMENAL LOCATION
LONG-TERM TENANT
HIGH VISIBILITY

BOOMING THEATRE DISTRICT
FUTURE DEVELOPMENT POTENTIAL
NN TENANTS

Description

Landmark building in downtown Redding. Exceptional corner location next door to Cascade Theater, near restaurants, shopping, new Shasta College nursing school and upcoming Theatre Square project. Building consists of 5,000 square foot restaurant space, 1,000 square feet of street level retail/office and approximately 4,700 square feet of upstairs office suites served by an elevator and three stairwells.

Downtown Redding is experiencing a tremendous Renaissance with the removal of the roof of the downtown mall, the additional of the 600-student Shasta College Nursing Center, new restaurants, shopping, MarketFest, street festivals, Downtown Art Hop and more. The Market Street Building is at the epicenter of this revival.

Corner of Market and Sacramento Streets

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$118,740
Operating Expenses
$24,000
Net Operating Income
$94,740
Pre-Tax Cash Flow
$94,740

Tenant	SF Occupied	Lease Expired
Market Street Steakhouse	6,000	6/1/2011
IAS Communications	1,100	6/1/2009
G&G Real Estate	900	6/1/2009
Cascade Counseling Center, Inc.	2,130	3/1/2012
Retail Space

Map of 1737 Market Street, Redding, CA 96001 (Shasta County)

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Presented by

RE/MAX TOWN & COUNTRY

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Contact Listing Broker

Terence Davis (530) 242-9420

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Created 8/30/2007

Additional Information for 1737 Market Street, Redding, CA 96001

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - MARKET STREET BUILDING

1737 Market Street, Redding, CA, 96001