Highlights

• Excellent Infill / High Traffic Location
• Ease of Management
• Rental Increases

• Corporate Bank Lease

Description

The subject Plumas Bank is strategically located in the center of Redding' s commercial district, directly across the street from the new City Hall (built in 2000), and is part of a newly constructed Starbuck' s anchored mixed use retail/office project. The property has excellent visibility along Cypress Avenue, which is the main thoroughfare connecting east and west Redding. Cypress Avenue handles an estimated 90% of the city' s cross town traffic, estimated to be over 51,000 cars per day. In addition, Cypress Avenue is the main exit from Interstate 15, which is the main corridor for the area's business transit.

Redding is located in Northern California, just south of Shasta Lake, nestled between the Cascades and the Trinity Alps. Its central location on I-5 in Shasta County has made it the nationally recognized marketplace of northern California, serving the adjacent counties of Tehama, Trinity and Siskiyou.
The Redding Metro area is the regional center of Northern California for health and legal services, retail shopping and employment. Its location at the junction of I-5 and highways 299 and 44 make Redding the gateway to the Cascade and Trinity Alps recreation areas. Shasta Dam and Shasta Lake, with 350 miles of shoreline, provide the area' s abundant water supply and inexpensive electrical power. The Sacramento River meanders nine miles through the middle of town, beginning just outside the City below Shasta Dam. This stretch of river is one of the finest trout-fishing waters in the Western United States.