2466 Progress Dr - Warehouse FOR SALE


Redding, CA 96001
$905,000 USD
2466 Progress Dr, Redding, CA for Sale
$905,000 USD
Warehouse - FOR SALE
1/8
null | 6.85% Cap Rate

2466 Progress Dr
Redding, CA 96001


HIGHLIGHTS

  • Turn-key cash-flowing asset
  • Building is in good, solid condition with minimal repairs required (if any)
  • Tenant is long-standing, consistent with payments, and in place until 2028 with the potential to renew after lease expiration

OVERVIEW

Seize the opportunity to acquire a turnkey industrial investment with strong in-place income and minimal management demands. This approximately 5,632-sqft light industrial warehouse, situated on a 20,908-sqft parcel, is fully leased to established tenants under long-term agreements running through May 2028. Built in 2007, the property offers good construction quality, functional design, and efficient utility for a variety of industrial users. Located in Redding's active and accessible industrial zone, this asset benefits from close proximity to Interstate 5 and major regional connectors. The building features generous clearance heights, multiple roll-up doors, flexible floor plan layouts, and on-site parking—making it an ideal home for light manufacturing, distribution, or service-oriented operations in the future. With strong tenant performance and zero current vacancies, this is an ideal option for investors seeking stable, predictable returns in a growing Northern California market. Investment Highlights: ~5,632 SF industrial building ~20,908 SF lot with functional layout and access. This includes a front office area with private offices, and large open-bay warehouse space. - Built in 2007 with durable, low-maintenance construction - Fully leased through May 2028 to long-term tenants with potential to renew after lease expiration - Excellent location with quick access to I-5 and major arterials - Zoned for a wide range of light industrial uses. The opportunities are endless to build out this great space for your future needs, all while enjoying the security of having a tenant in place for excellent cash flow.

FOR SALE DETAILS

PRICE

$905,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48

LAND SF

20,909

ZONING

Light Industrial

APN/PARCEL ID

048-110-027-000

ASK ABOUT THIS PROPERTY

Christine DucourneauAD Ventures RealtyMore Info

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Christine DucourneauAD Ventures RealtyMore Info

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