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Investment Highlights
- Strong traffic counts
- 5 Rental units
Executive Summary
This exceptional investment opportunity offers two well-maintained commercial buildings (1852 & 1872 Buenaventura) situated on two parcels totaling approximately 1.63 acres in a highly desirable Redding location. The Gateway Plaza property consists of five tenant units with a combined building area of 12,440+/- square feet, which includes a 7,500+/-square-foot building and a 4,940+/-square-foot building. Featuring 53 on-site parking spaces, the property has been updated and professionally maintained, providing investors with a quality asset requiring minimal immediate capital improvements. Located on Buenaventura Boulevard, one of Redding's primary corridors, the property benefits from great visibility, strong traffic counts, and convenient access from Hwy 273 (S. Market St) and Highway 299. Surrounded by established residential communities and complementary businesses, the site has a strategic position that supports tenant demand and long-term value. This rare offering presents an excellent opportunity to acquire a multi-tenant investment in a quality location with strong income-producing potential and future growth opportunities.
Property Facts
| Price | $3,182,165 CAD | Number of Properties | 2 |
| Price / SF | $272.94 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 11,659 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.63 AC |
| Status | Active |
| Price | $3,182,165 CAD |
| Price / SF | $272.94 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,659 SF |
| Total Land Area | 1.63 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1852 Buenaventura Blvd, Redding, CA 96001 | Office | 7,184 SF | - | - |
| 1872 Buenaventura Blvd, Redding, CA 96001 | Retail | 4,475 SF | 2000 | - |
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