Fully-Leased Investment

415 Knollcrest Dr, Redding, CA 96002

  • For Sale $2,650,000
  • Property Type Office - General Office
  • Property Size 15,132 SF
  • Units 3
  • Lot Size 0.97 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1988
  • Year Renovated 2022
  • Date Updated Nov 15, 2024
Located in the established Redcliff Business Park in central Redding, CA, this ±15,132 square foot office building is fully leased to three long-term tenants, including Community Medical Management Services, Bristol Hospice, and Associa. Each tenant has lease terms extending through 2027 or beyond, with options to renew, ensuring stable income and business diversification.Fully-leased multi-tenant investment property in Redding’s Redcliff Business Park. Priced at $175 per square foot, this property offers a competitive investment below both replacement cost and comparable market sales, with current rental rates below market, providing future growth potential. The property includes 52 off-street parking spaces, a convenient ratio of three spaces per 1,000 square feet, making it accessible and attractive to tenants and their clients. - Suite 100: Lease continues through March 2028, with two, three-year options to extend. - Suite 130: Lease continues through September 2027, with one, three-year option to extend. - Suite 140B: Lease continues through January 2028, with one, five-year option to extend. These leases present an excellent diversification of tenant businesses. This property brings in an annual gross income of $263,105 for 2024.
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Attachments

Highlights

  • Current rental rates are considered below market, presenting opportunities for growth and increased returns for the next owner..
  • Competitively priced at $175 per square foot, below replacement cost and comparable sales.
  • 52 off-street parking spaces supporting tenant and client convenience.
  • Cap Rate of just under 6.1% based on actual income

Contacts

broker
Tyler Jardine

Capital Rivers Commercial

Location

Getting Around

  • Walk Score ®

    59/100 Somewhat Walkable

  • Transit Score ®

    27/100 Some Transit

  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Redding, CA
  • Zip Code 96002

Points of Interest

  • Speedway

    0.09 miles

  • 76

    0.11 miles

  • Chevron

    0.14 miles

  • Hilltop Valero

    0.33 miles

  • Shell

    0.35 miles

  • Tesla Supercharger

    0.51 miles

  • Arco

    0.59 miles

  • Safeway Fuel Station

    0.64 miles

  • ChargePoint

    0.75 miles

  • Henderson Open Space

    0.43 miles

  • McConnel Foundation public parking

    2.83 miles

  • Clear Creek Road Park & Ride

    4.02 miles

  • South Parking Lot

    4.34 miles

  • Visitor and Staff Parking

    4.36 miles

  • Gold Hills Golf

    4.44 miles

  • East Parking Lot

    4.49 miles

  • North Parking Lot

    4.52 miles

  • China Gardens Trail

    4.81 miles

  • China Gardens Trailhead

    4.82 miles

  • Motel 6

    0.14 miles

  • Red Lion Inn & Suites

    0.15 miles

  • Best Western Plus

    0.31 miles

  • Holiday Inn Express & Suites

    0.34 miles

  • La Quinta Inn & Suites Redding

    0.37 miles

  • Bridgeway Inn & Suites

    0.37 miles

  • Surestay Plus Hotel by Best Western Redding

    0.48 miles

  • Quality Inn

    0.50 miles

  • TownePlace Suites Redding

    0.52 miles

  • Hampton Inn & Suites Redding

    0.56 miles

  • Jeff's California Cattle Company

    0.09 miles

  • Guadalajara

    0.12 miles

  • Lumberjacks

    0.16 miles

  • Denny's

    0.17 miles

  • View 202

    0.23 miles

  • Las Dos Marias

    0.27 miles

  • Bagel Deli

    0.28 miles

  • Humble Joe's

    0.32 miles

  • Del Taco

    0.33 miles

  • C.R. Gibbs

    0.34 miles

  • Trinity Lutheran Early Learning Center

    0.32 miles

  • Parsons Junior High School

    0.62 miles

  • Shasta Head Start

    0.78 miles

  • Rother Elementary School

    0.78 miles

  • Mistletoe Elementary School

    0.87 miles

  • Redding Collegiate Academy

    0.89 miles

  • Redding Adventist Academy

    0.92 miles

  • Cypress Elementary School

    0.93 miles

  • Sequoia Middle School

    1.05 miles

  • Juniper Elementary School

    1.15 miles

Frequently Asked Questions

How much does Fully-Leased Investment cost?

The space currently listed for sale at Fully-Leased Investment asks for $2,650,000.

What is the total square footage of Fully-Leased Investment?

Fully-Leased Investment totals 15,132 square feet.

When was this property built?

Fully-Leased Investment was built in 1988.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Tyler Jardine

Capital Rivers Commercial