930 Executive Way Redding, CA 96002-0632

Property Details for 930 Executive Way

Year built

1992

Construction

WOOD

Lot size

0.73 lot acres

Property size

14,750 SF

Property type

Office Properties & Spaces

APN

107-190-034-000

APU

107190034000

Description

This exceptional Class A office building, located at 930 Executive Way in Redding, CA, presents a compelling investment opportunity. The property boasts 14,750 square feet across two buildings, situated on a 0.73-acre lot in a prime Central Redding location. With easy access to Interstate 5 and Highway 44, this two-story brick building features floor-to-ceiling windows, creating bright and modern executive suites. Currently 100% occupied with four units, the property generates a strong net operating income (NOI) of $152,509, resulting in a desirable cap rate of 5.67%. The asking price is $2,690,000, translating to $182.37 per square foot—significantly below replacement cost for a building of this caliber. Ample parking is provided with 45 spaces, a ratio of 3 spaces per 1,000 square feet. The property is zoned for general office use and benefits from excellent natural light. This is a rare opportunity to acquire a high-quality, fully occupied office building in a thriving market. The building's prestigious aesthetic and strategic location make it an ideal investment for discerning buyers seeking strong returns and long-term stability. The property's current income and stabilized expenses contribute to its attractive cap rate.

Location Insight

City

Redding

County

Shasta

State

California

Longitude

-122.355

Latitude

40.5765

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments