2450 Sister Mary Columba Dr Red Bluff, CA 96080-4356
This exceptional investment opportunity presents a fully leased, Class B medical office building situated on a 2.21-acre lot in Red Bluff, California. The 35,085 square foot, two-story building, constructed in 2004 and extensively renovated in 2012, boasts 98 parking spaces and prime I-5 frontage. Currently housing two tenants under a net lease agreement with credit-rated tenants, this property enjoys 100% occupancy. The Lassen Medical Clinic, a Federally Qualified Rural Health Center and California 1206d Provider-Based clinic, serves approximately 70,000 active patients, making it one of the largest clinics north of Sacramento. Its strategic location within the Saint Elizabeth Community Hospital campus ensures high visibility and accessibility. The property's strong tenant history, coupled with the substantial patient volume and the building's excellent condition, makes this a highly desirable investment with a 7.50% cap rate and an asking price of $9,620,000. An adjacent 5.9-acre parcel with freeway frontage is also available for potential expansion. This is a rare opportunity to acquire a stable, high-performing medical office building in a thriving community. The property is located at 2450 Sister Mary Columba, Red Bluff, CA 96080, in Tehama County.
§ 25.70 C-3, GENERAL COMMERCIAL DISTRICTS. (A) This district classification is intended to be applied where general commercial facilities are necessary for public service and convenience that are designated “C” on the land use diagram of the city general plan. (B) The specific use regulations set out beneath the column titled “C-3” in the chart marked “comme…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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Property description
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C-3 · Red Bluff, CA§ 25.70 C-3, GENERAL COMMERCIAL DISTRICTS. (A) This district classification is intended to be applied where general commercial facilities are necessary for public service and convenience that are designated “C” on the land use diagram of the city general plan. (B) The specific use regulations set out beneath the column titled “C-3” in the chart marked “commercial zones and permit requirements” in
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.