Log In/Sign Up
Your email has been sent.
Village Plaza Shopping Center 3 Retail Properties Offered at $12,383,726 CAD in Redding, CA
Investment Highlights
- Value-Add Shopping Center with National Brand Tenants
- Potential for Upside with Developable Land Opportunities
- Located in the Heart of the Regional Hub for Northern California
- Nearby Development of the Redding Riverfront
Executive Summary
CBRE, as exclusive advisor, is pleased to offer for sale Village Plaza Shopping Center located at 2325-2385 Athens Ave in Redding, CA. Village Plaza, a 77,975 square foot shopping center constructed in 1961-1962, is comprised of a synergistic mix of tenants. The Property’s square footage is spread between three buildings and two legal parcels. There is an additional parcel that serves as a dedicated parking lot. The neighborhood center features in-line shop and junior anchor spaces and a free-standing, multi-tenant building. The tenants include Dollar Tree, Once Upon a Child, Falling Prices, Everyday Fitness, Sherwin-Williams, Shasta Rock Club, and MedSpa Redding. Village Plaza is currently 82.9% occupied with 13,325 sq. ft. of vacancy. The tenants within the Property have staggered lease terms, with the longest remaining lease term belonging to Sherwin-Williams, with 6 years remaining. The weighted average remaining lease term (WALT) for Village Plaza is 4.75 years. The in-place rents vary from $0.63 per sq. ft. a month to $1.08 per sq. ft. a month, NNN.
Property Facts
| Price | $12,383,726 CAD | Number of Properties | 3 |
| Price / SF | $101.49 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 122,020 SF |
| Sale Type | Investment | Total Land Area | 4.98 AC |
| Status | Active |
| Price | $12,383,726 CAD |
| Price / SF | $101.49 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 122,020 SF |
| Total Land Area | 4.98 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Dollar Tree
2385 Athens Ave, Redding, CA 96001 |
Retail | 66,158 SF | 1961 | - |
|
Village Plaza Shopping Center
2355-2375 Athens Ave, Redding, CA 96001 |
Retail | 48,362 SF | 1961 | - |
| 2325-2335 Athens Ave, Redding, CA 96001 | Retail | 7,500 SF | 1961 | - |
1 1
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Village Plaza Shopping Center
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.