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Mountain Lakes Center 4300-4356 Caterpillar Rd 228,568 SF 95% Leased 4-Star Industrial Building Redding, CA 96003 $13,950,000 ($61.03/SF) 8.08% Cap Rate
Investment Highlights
- 95% Occupancy
- 7.57 % As Is Cap Rate
- 12.98 Acres with 325 Parking Spaces
- 8.08 % Proforma Cap Rate - Upside with vacant units to lease
- Established Industrial Complex - General Industrial Zoning
- 228,568 Total SF - 209,320 Leasable SF
Executive Summary
Mountain Lakes Center is a premier 228,568 SF industrial complex located within the expansive Mountain Lakes Industrial Park in Redding, CA, with over 1.2 million SF of industrial space just west of I-5. Redding, CA is a preferred location for businesses as a regional hub for a drive radius of hours in each direction and its low utility rates due to Redding Electric Utility (REU) provision of Water, Sewer, Trash and Electric utilities. Redding's ample outdoor recreation opportunities including 200+_ miles of paved walking trails, lakes and National Parks and relatively low cost of living compared to other areas of California, assist with recruitment and retention of workforce. This property is strategically positioned at the intersection of Caterpillar Road and Beltline Road, the property offers excellent connectivity and convenient access to I-5 in multiple directions. Center is currently 95% occupied by a diverse mix of tenants with three remaining vacancies as an opportunity for further value add.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Fenced Lot
- Front Loading
- Signage
- Monument Signage
- Air Conditioning
- Breakroom
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,400,500 | |
| Land Assessment | $4,080,000 | Total Assessment | $10,480,500 |
Property Taxes
Parcel Numbers
Land Assessment
$4,080,000
Improvements Assessment
$6,400,500
Total Assessment
$10,480,500
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Mountain Lakes Center | 4300-4356 Caterpillar Rd
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