3320 Churn Creek Road, Redding, CA, 96002

3320 Churn Creek Road Redding, CA 96002

3320 Churn Creek Road, Redding, CA, 96002
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FOR SALE
Property Type:
Single Tenant Office
Amount:
$1,220,000
Last Verified:
Dec 20, 2024

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Highlights

  • Modern dental practice leased through 2034 with an additional five-year renewal option in Redding, CA.
  • Triple-net (NNN) lease with zero maintenance responsibilities.
  • Net operating income (NOI): $93,000 annually; 7.6% cap rate.
  • Located in a professional office park off Churn Creek Road, south of Del Sol Place.

Description

This ±3,744 square foot dental building in Redding, CA presents a strong investment opportunity with a triple-net (NNN) lease in place through July 2034. Fully remodeled in 2015, the building was updated to meet the needs of a modern dental practice, ensuring functionality and durability. Situated within a professional office park just south of Del Sol Place, the property benefits from its strategic location on the west side of Churn Creek Road, an area known for professional and medical offices. The tenant pays market rent at $7,750 per month, generating a net operating income (NOI) of $93,000 annually with zero maintenance responsibilities for the owner.

The property’s triple-net lease structure offers predictable and reliable cash flow, with the tenant covering taxes, insurance, and maintenance costs. Investors will benefit from the 7.6% cap rate, as well as the rising costs of dental office construction, which make this fully operational space an attractive asset in a supply-constrained market. The combination of a remodeled, professional-grade building and consistent rental income ensures this property remains a solid addition to any investment portfolio.


Year Built: 2006
Building Size: 3844sq ft
Building Class: A
Lot Size: 0.22 acres


Documents

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Map of 3320 Churn Creek Road, Redding, CA, 96002

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.