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- LoopNet Team
923 Dana Dr
Redding, CA 96003
Retail Property For Sale
Property Facts
Amenities
- Tenant Controlled HVAC
About 923 DANA DR , REDDING, CA 96003
Mt. Shasta Plaza building available for sale across from Mt. Shasta Mall between Discovery Village and Chipotle. Premier location in the Redding, CA market, with a building ripe for new management or complete redevelopment. Currently 60% vacant, new management with below market rental rates of just $1.00/sf ($12/sf/yr) modified gross on the 1st floor and $0.80/sf ($9.60/sf/yr) modified gross on the 2nd floor creates a 7.2% cap rate with 5% vacancy (almost 8.0% cap rate after filling vacant space with current rents). Perfect real estate 101 Rich Dad Poor Dad opportunity to buy the oldest building on the best block and manage or remodel into its full potential. Please do not disturb existing tenants, contact listing agent for tours.
Property Taxes
| Parcel Number | 107-290-007-000 | Improvements Assessment | $2,683,388 |
| Land Assessment | $334,654 | Total Assessment | $3,018,042 |
Property Taxes
