1. California
2. Redding
3. 3075 Crossroads Drive

3075 Crossroads Drive, Redding, CA 96003

• 6,934 sqft

Property Description

Fantastic Turnkey Investment Opportunity! This is a rare chance to acquire two buildings on one parcel, offering a low-maintenance, income-generating commercial property with minimal landlord responsibilities. The property is home to a long-standing tenant who has just renewed their lease and is eager to stay long-term. Located at 3075 and 3077 Crossroads, the buildings are currently divided into three units, with potential to convert into four separate units, providing great flexibility for future use or leasing. The first building at 3075 Crossroads includes 2,175 square feet of office space and 1,025 square feet of warehouse space, while the second building at 3077 Crossroads features 1,644 square feet of office space and 2,090 square feet of warehouse space. These mixed-use buildings are designed with a combination of office areas, warehouse space with roll-up doors, and mezzanines, offering versatility to accommodate a wide range of tenants. This property represents an excellent 1031 exchange opportunity, making it a perfect fit for investors looking to defer capital gains taxes while adding a solid, income-producing asset to their portfolio. With a long-term tenant in place and a history of low management requirements, this turnkey investment requires minimal oversight, allowing you to enjoy reliable cash flow with peace of mind. Located in a prime commercial area with great visibility and access, this property is an ideal addition to any investment strategy.

Listing Status:

Pending

Date Added:

December 11, 2024 at 06:00AM

Listing Office:

eXp Realty of California, Inc. : 1 888-584-9427

Listing Agent:

Kevin Rhoderick : 530-515-3761

MLS ID:

24-5101

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This listing courtesy of Kevin Rhoderick, eXp Realty of California, Inc.