$1,205,000
Redding, CA 96001
MLS# 24-5161
Status: Closed
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Property Description
Invest in a hassle-free, high-yield property, ten year lease. This 3,744 sq ft dental building in Redding, CA, is a prime investment opportunity. Fully remodeled in 2015, it boasts a long-term, triple-net lease with a well-respected dentist paying $7,750/month. Enjoy passive income with zero maintenance responsibilities. The tenant is paying market rent, capitalizing on the rising costs of dental construction and limited availability of dental space in the local market. Also see MLS# 24-5160
Details
Maps
Address Information
Street Suffix: Road
Cross Street: Placer St
Street Number: 3320
Street Name: Churn Creek
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 1220000
Parcel Number: 068-120-075
Sq Ft - Building: 3744
SqFt - Bldg Rentable: 3744
Sq Ft - Lot: 9548
GP Zone: RED GC - General Commercial
Zoning: RED - C-2 - Central Commericial District
Year Built Desc: 11-20 Years
Current Price: $1,205,000
Area: 04 - SW Redding
Remarks
Public Remarks: Invest in a hassle-free, high-yield property, ten year lease. This 3,744 sq ft dental building in Redding, CA, is a prime investment opportunity. Fully remodeled in 2015, it boasts a long-term, triple-net lease with a well-respected dentist paying $7,750/month. Enjoy passive income with zero maintenance responsibilities. The tenant is paying market rent, capitalizing on the rising costs of dental construction and limited availability of dental space in the local market. Also see MLS# 24-5160
Directions: Located on the West side of Churn Creek Road in a professional office park just south of Del Sol Place.
Contract Information
Listing Contract Date: 2024-12-16
Status: Closed
Sold Date: 2025-02-26
Under Contract Date: 2025-01-03
Sold Price: $1,205,000
List Date: 2024-12-16
Business Type
Dental: 1
Medical: 1
Mixed: 1
See Remarks: 1
Present Use
Other: 1
Parking
Conforms to Zoning: 1
Possession
Close of Escrow: 1
Selling Terms
Conventional: 1
Property Features
Business Type: Dental; Medical; Mixed; See Remarks
Present Use: Other
Parking: Conforms to Zoning
Possession: Close of Escrow
Selling Terms: Conventional
IDX
Listing Office: Capital Rivers Commercial
Last Updated: May - 28 - 2025
Information deemed reliable but not guaranteed.
