Office Building with Government
364 Knollcrest Dr Redding, CA 96002
364 Knollcrest Dr, Redding, CA, 96002
Contact for pricing
For Sale
Contact for pricing
For-sale office building occupied by federal and state government tenants in Redding, CA.
Property Size30,386 SF
Price / SF$248.14
Days on Market126
Property Features for 364 Knollcrest Dr
General Information
- Standard status
- Active
- Size
- 30,386 SF
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing agency
Visintainer Group
Listed by
Brett Visintainer · License #CA 01792092
Source
Crexi
Added: Mar 18 Updated: Jul 20 at 3:44PM Checked: Jul 21 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Visintainer Group
Investment Insights
Based on property information with market context.
This for-sale office building is occupied by federal and state government tenants. The property is presented at a 9.00% cap rate.
The asset is located at 364 Knollcrest Dr in Redding, California, with a total property size of 30,386 square feet.
This listing focuses on the existing occupancy by government tenants and the stated yield metric provided in the offering remarks.
The asset is located at 364 Knollcrest Dr in Redding, California, with a total property size of 30,386 square feet.
This listing focuses on the existing occupancy by government tenants and the stated yield metric provided in the offering remarks.
Key Highlights
- Office building built in 1998
- Currently occupied by federal and state government tenants
- Listed as a 9.00% cap rate
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $619.9k | $20.40 |
| − Vacancy | −$132.0k | −$4.35 |
| EGI | $487.8k | $16.05 |
| − OpEx | −$122.0k | −$4.01 |
| NOI | $365.9k | $12.04 |
30,386 SF · lease $20.40/SF/yr · vacancy 21.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.23M
$4.57M – $6.10M
NOI $365,881 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.76M
$5.92M – $7.89M
NOI $473,548 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bureau of Indian Affairs
Federal Government Office
Drinking Water Division
Water Utility Company
Bestdeal Baby
(Bike/Boat/Book/etc) Store
Corner Cash Advance ...
Loan Service
Water Quality Control
State Government Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - For-sale office building occupied by federal and state government tenants in Redding, CA.
Where is this office building located?
The property is located at 364 Knollcrest Dr Redding, CA.
What is the asking price?
The asking price for this property is $7,540,000.
What are key features of this property?
This property features: Office building built in 1998; Currently occupied by federal and state government tenants; Listed as a 9.00% cap rate
