4300-4356 Caterpillar Rd - Manufacturing FOR SALE


Redding, CA 96003
$13,950,000 USD
530-605-5169
4300-4356 Caterpillar Rd, Redding, CA for Sale
$13,950,000 USD
Manufacturing - FOR SALE
1/33
null | 8.08% Cap Rate

4300-4356 Caterpillar Rd
Redding, CA 96003


HIGHLIGHTS

  • 95% Occupancy
  • 8.08 % Proforma Cap Rate - Upside with vacant units to lease
  • 7.57 % As Is Cap Rate
  • Established Industrial Complex - General Industrial Zoning
  • 12.98 Acres with 325 Parking Spaces
  • 228,568 Total SF - 209,320 Leasable SF

OVERVIEW

Mountain Lakes Center is a premier 228,568 SF industrial complex located within the expansive Mountain Lakes Industrial Park in Redding, CA, with over 1.2 million SF of industrial space just west of I-5. Redding, CA is a preferred location for businesses as a regional hub for a drive radius of hours in each direction and its low utility rates due to Redding Electric Utility (REU) provision of Water, Sewer, Trash and Electric utilities. Redding's ample outdoor recreation opportunities including 200+_ miles of paved walking trails, lakes and National Parks and relatively low cost of living compared to other areas of California, assist with recruitment and retention of workforce. This property is strategically positioned at the intersection of Caterpillar Road and Beltline Road, the property offers excellent connectivity and convenient access to I-5 in multiple directions. Center is currently 95% occupied by a diverse mix of tenants with three remaining vacancies as an opportunity for further value add.

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

8.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain Lakes Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

28 Ft

DOCKS

9

DRIVE INS

3

PARKING SPACES

325

LAND DETAILS

LAND ACRES

12.98

LAND SF

565,409

ZONING

GI

APN/PARCEL ID

114-300-020-000,114-440-001-000

ASK ABOUT THIS PROPERTY

Jessica WhitlowCox Real Estate Consultants Inc.More Info
530-605-5169

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Jessica WhitlowCox Real Estate Consultants Inc.More Info
530-605-5169

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.