4380 Caterpillar Rd Redding, CA 96003-1422
- Industrial properties
- 6,400 SF
- 2.50 lot acres
Current Use by Public Records
- Mendes Supply Company / Janitorial Equipment Supplier / Packaging Supply Store
- Lumber Packaging / Lumber Store
Property Details for 4380 Caterpillar Rd
- Year built
- 1972
- Lot size
- 2.50 lot acres
- Property size
- 6,400 SF
- Property type
- Industrial properties
- APN
- 114-440-002-000
- APU
- 114440002000
Description
This exceptional industrial property, located at 4380 Caterpillar Rd, Redding, CA 96003, presents a compelling investment opportunity. The 6,800 square foot warehouse sits on a 2.5-acre lot, offering ample space for operations and expansion. The building boasts a spacious 6,400 square foot main floor, complemented by a 400 square foot upper level and approximately 1,200 square feet of office space. Two generously sized roll-up doors (18' x 18' and 18' x 14') allow for convenient drive-through access, enhancing operational efficiency. The warehouse features a substantial 22-foot ceiling height, providing ample vertical space. The property is equipped with both 220V and 440V power. Approximately two acres of the land are securely fenced, providing added security and privacy, with a gated entry. This prime location offers easy access to Interstate 5 and the north Redding Business Loop, ensuring excellent connectivity and accessibility. The property is zoned industrial and is being offered for sale as a 1031 exchange opportunity. The APN is 114-440-002. This is a single-tenancy property with a modified lease type. The asking price is $1,575,000, translating to $231.62 per square foot. Built in 1972, this warehouse offers a blend of established infrastructure and significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $160,000
- 7%
- $165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $165,000
- Retail
- $185,000
- Mixed-Use
- $185,000
- Hospitality
- $160,000
- Educational
- $165,000
- Residential Income
- $185,000
- Energy
- $195,000
- Income-Based Land
- $170,000
- Food Service
- $155,000
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.386
- Latitude
- 40.6271
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
