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32958369
32958371

804 East Cypress Avenue, Redding, CA 96002

TJ
CA 01411003
Capital Rivers Commercial - Haedrich Group
Listed by Capital Rivers Commercial - Haedrich Group
$620,000
9 days on market
Updated 9 days ago

804 East Cypress Avenue

Details
Property Type Office
Sub Type Office Building
Square Footage 5,952
Units 2
Cap Rate 7.20%
NOI $44,634
Occupancy 50%
Tenancy Single
Brand/Tenant Shasta Treatment Association
Lease Expiration 12/31/2028
Class C
Stories 2
Acreage 0.350
Zoning HC-BH
Parking Spaces 27 spaces
Parking Per SqFt 4.54
Investment Type Core+

804 East Cypress Avenue, Redding, CA 96002

Marketing description

Located at 804 E. Cypress Avenue in Redding, California, this building presents a highly functional opportunity for an owner-occupant to acquire a professional office building at a significant discount to replacement cost. The asset is a 5,952 square foot , two-story office building listed at $620,000. This property allows a buyer to immediately occupy the upper floor while benefiting from a secured income stream from the ground floor tenant.

The building features a vacant, 2,976 square foot second floor. This upper suite includes a waiting and reception area, seven private offices, a break room area, and a substantial conference or training room. The second floor is easily accessed by both an interior and an exterior stairwell, providing flexible entry options for employees or future sub-tenants. Additionally, the property includes a detached 700 square foot garage building onsite, offering secure storage or inventory capacity. The site provides ( ) off-street parking spaces and is zoned HC-BH, Heavy Commercial, which permits a wide variety of commercial uses.

From an investment perspective, this asset is structured to maximize cost efficiency and equity growth. Acquiring the property at a basis near $100 per square foot allows an owner-user to build equity. Furthermore, the ground floor provides immediate debt service coverage as it is fully leased to a stable, long-term tenant through January 2029. Future upside exists through the eventual lease-up of the entire building or by restructuring the ground floor lease upon its expiration.

Positioned in Redding's primary commercial corridor, this property delivers exceptional visibility and logistical advantages. The site is located in close proximity to the Interstate 5 interchange off Hilltop Drive, ensuring streamlined access for regional clients, employee commutes, and distribution routes. The building benefits from its proximity to major neighborhood anchors, sitting directly behind VCA Asher Animal Hospital with highly functional secondary access from Larkspur Lane just north of Tri Counties Bank. This strategic placement on a major commercial thoroughfare solidifies the long-term utility and appeal of the asset.

Investment highlights

  • Two-story office building investment with owner-user flexibility in Redding, CA.
  • Immediate second-floor occupancy with existing ground floor rental income.
  • First floor leased through January 2029.
  • Detached garage, dual access stairwells, and ample on-site parking.
  • 5,952 Sq Ft
  • Zoned HC-BH
  • 50% occupied
  • Off Street Parking and Separate Parking Garage

Listing Contacts

TJ
CA 01411003
Capital Rivers Commercial - Haedrich Group
Listed by Capital Rivers Commercial - Haedrich Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,634.00
$3,719.50/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

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Additional Information

Name
Tyler Jardine, CCIM
License
01411003
Brokerage
Capital Rivers Commercial
Brokerage Phone
5302211127
Title
Director of Sales and Leasing
Brokerage Address
280 Hemsted Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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