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4300-4356 Caterpillar Rd
Redding, CA 96003
Industrial Property For Sale
Investment Highlights
- 95% Occupancy | 10% CAP
- 325 Parking Spaces on 12.98 Acres
- Central location in Mountain Lakes Industrial Park
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 within a drive radius of hours in each direction, and for 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. The center is currently 95% occupied by a diverse mix of tenants with three remaining vacancies as an opportunity for further value add.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 10% | Year Built/Renovated | 1980/2012 |
| Property Type | Industrial | Parking Ratio | 1.42/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 28’ |
| Building Class | B | No. Dock-High Doors/Loading | 9 |
| Lot Size | 12.98 AC | No. Drive In / Grade-Level Doors | 3 |
| Rentable Building Area | 228,568 SF | ||
| Zoning | GI - General Industrial - City of Redding | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 10% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 12.98 AC |
| Rentable Building Area | 228,568 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2012 |
| Parking Ratio | 1.42/1,000 SF |
| Clear Ceiling Height | 28’ |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | GI - General Industrial - City of Redding |
Amenities
- Fenced Lot
- Front Loading
- Signage
- Monument Signage
- Air Conditioning
- Breakroom
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- 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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