415 Knollcrest Dr, Redding, CA 96002

This exceptional investment opportunity presents a 15,132 square-foot office building situated in Redding, California's prestigious Redcliff Business Park. The property boasts 100% occupancy with three separate tenants, ensuring a diversified income stream. Suite 100's lease extends to March 2028, with two three-year renewal options. Suite 130 is leased until September 2027, with a single three-year option. Finally, Suite 140B's lease runs through January 2028, including a five-year renewal option. The current annual gross income for 2024 is projected at $263,105, resulting in a cap rate of just under 6.95% with stabilized expenses. Priced at $175 per square foot, this property offers significant value, well below replacement cost and comparable sales in the Redding market. The current rental rates are considered below market, presenting a substantial opportunity for future income growth. Ample parking is provided with 52 spaces, a generous ratio of three spaces per 1,000 square feet. This fully leased asset represents a compelling investment opportunity with strong cash flow and significant upside potential.