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31132144
31132145

364 Knollcrest Dr, Redding, CA 96002

BV
CA 01792092, CA 02047928
Visintainer Group
Fresno-Visintainer Group
Listed by Visintainer Group, Fresno-Visintainer Group
$7,540,000
82 days on market
Updated 62 days ago

100% Occ. MT Class-A Office Investment | 9.00% Cap Rate

Details
APN 107-530-015
Property Type Office
Sub Type Traditional Office
Square Footage 30,386
Cap Rate 9%
NOI $678,904
Occupancy 100%
Tenancy Multi
Brand/Tenant California State Waterboard Resources Control Board, US Federal Government - Bureau of Indian Affairs (+1)
Lease Term 24.4
Lease Expiration 12/31/2035
Remaining Term 9.6
Rent Bumps Yes
Lease Options Yes
Price per SqFt $248
Class A
Year Built 1998
Buildings 1
Stories 2
Acreage 1.920
Parking Spaces 125 spaces
Parking Per SqFt 4.11
Investment Type Stabilized
Lease Commencement 08/11/2011
Occupancy Date 08/01/2011
Ground Lease No
Ownership Fee Simple

Federal & State Government Tenants | 9.00% Cap Rate | Redding, CA

Investment highlights

  • 100% Occupied Class A Office Investment

  • 9.00% CAP Rate on in-place income

  • $678,904 Net Operating Income

  • 91.7% Leased to Federal & State Government Tenants

  • Investment-Grade Credit Tenancy

    • U.S. Federal Government (AA+)

    • State of California (AA)

  • Recent Long-Term Lease Extension

    • California State Water Resources Control Board extended through 2035

  • Proven Long-Term Occupancy

    • State tenant since 2011

    • Federal tenant since 2012

  • 30,386 SF Two-Story Professional Office Building

  • Secured Underground Parking + Elevator Access

    • 125 total parking spaces (78 surface / 47 underground)

  • Fee Simple Ownership

  • Premier Redding Location

    • Close to Interstate 5, medical centers, retail, and government services

  • Attractive Yield with Durable Cash Flow

    • Ideal for passive and institutional investors seeking stability

Listing Contacts

BV
CA 01792092, CA 02047928
Visintainer Group
Fresno-Visintainer Group
Listed by Visintainer Group, Fresno-Visintainer Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$678,904.00
$56,575.33/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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