River View Executive Office

400 Redcliff Dr Redding, CA 96002

400 Redcliff Dr, Redding, CA, 96002
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,195,000
Last Verified:
Nov 12, 2024

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Highlights

  • Professional office located on the bluffs overlooking the Sacramento River in Redding, CA
  • Multi-tenant office building with brick exterior, large windows, and an interior featuring a grand staircase and open lobby.
  • Convenient access to Interstate 5, Highway 44,
  • and Redding’s Downtown District.
  • Landscaped property with well-maintained common areas.
  • Cap Rate of just under 5.3% based on Pro Forma Income

Description

400 Redcliff Drive is located on the bluffs overlooking the Sacramento River in Redding, CA. This ±6,200 square foot multi-tenant office building offers a professional environment for tenants. The building includes a brick exterior and a lobby with a grand staircase. Large windows provide natural light throughout the space, and the river-view patios offer a space for breaks or informal meetings. The property is landscaped and well-maintained.

Located in Redcliff Business Park, 400 Redcliff Drive provides easy access to Interstate 5 and Highway 44, offering connectivity to the Downtown District and surrounding areas. The property includes 18 dedicated parking spaces at a ratio of 2.9 per 1,000 square feet. The building is priced at $354 per square foot.


Year Built: 1979
Building Size: 6200sq ft
Building Class: A
Lot Size: 0.72 acres


Documents

Download Brochure

Map of 400 Redcliff Dr, 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.