6479 Eastside Road, Redding, CA
Industrial for Sale - $1,250,000 - 12,000 Sq. Ft. on 13.5 acres
Property Info
CIMLS# | 654651 |
Location 6479 Eastside Road Redding CA 96001 | |
Updated | October 9th, 2013 |
Type | Industrial |
Price | $1,250,000 |
Building | 12,000 Sq. Ft. |
Land | 13.5 acres |
Property Description
Former Droscher Equipment yard on Eastside Rd. Income plus surplus land. Main building (12,000 SF on +/-3.5 acres of land) is leased to Statewide Safety & Signs. This is a fantastic opportunity for stable, current income plus the opportunity for future development. The property is highly visible from Hwy 273, providing an opportunity for a high-profile industrial/commercial project. Statewide Safety & Signs & generates about $77,000/yr NOI (lease expires in about 4 years). At a 10% return on investment, this portion of the property is valued at $770,000. The remaining 10 acres of surplus land is valued at $480,000, just over $1/SF for industrial land was sewer service. This property will not last long.