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33241837
33241835

2 Locations For Sale

KS
01415693
Century 21 Select Real Estate Chico
Listed by Century 21 Select Real Estate Chico
$2,300,000
48 days on market
Updated 48 days ago

1852 Buenaventura Boulevard

Details
APN 108-430-061 & 108-430-049
Property Type Retail
Sub Type Shopping Center
Square Footage 12,440
Units 5
Cap Rate 7.00%
NOI $161,747
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $185
Class C
Year Built 2001
Buildings 2
Stories 1
Lot Size (SqFt) 71,003
Parking Spaces 53 spaces
Parking per 1,000 SqFt 4.26
Investment Type Value Add
Ground Lease No

Exceptional investment opportunity offers two well-maintained commercial buildings

Marketing description

This exceptional investment opportunity offers two well-maintained commercial buildings (1852 & 1872 Buenaventura) situated on two parcels totaling approximately 1.63 acres in a highly desirable Redding location. The Gateway Plaza property consists of five tenant units with a combined building area of 12,440+/- square feet, that includes a 7,500+/-square-foot building and a 4,940+/-square-foot building. Featuring 53 on-site parking spaces, the property has been updated and professionally maintained, providing investors with a quality asset requiring minimal immediate capital improvements. Located on Buenaventura Boulevard, one of Redding's primary corridors, the property benefits from great visibility, strong traffic counts, and convenient access from Hwy 273 (S. Market St) and Highway 299. Surrounded by established residential communities and complementary businesses, the site has a strategic position that supports tenant demand and long-term value. This rare offering presents an excellent opportunity to acquire a multi-tenant investment in a quality location with strong income-producing potential and future growth opportunities.

Listing Contacts

KS
01415693
Century 21 Select Real Estate Chico
Listed by Century 21 Select Real Estate Chico

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$161,747.00
$13,478.92/mo

Valuation Metrics

0
DSCR
7.03%
Cap Rate
7.03%
ROI

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