For Sale
$9,620,000

2450 Sister Mary Columba DrRed Bluff, CA 96080

Medical Office Building, Net Lease, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, Class B medical office building situated on a 2.21-acre lot in Red Bluff, California. The 35,085 square foot, two-story building, constructed in 2004 and extensively renovated in 2012, boasts 98 parking spaces and prime I-5 frontage. Currently housing two tenants under a net lease agreement with credit-rated tenants, this property enjoys 100% occupancy. The Lassen Medical Clinic, a Federally Qualified Rural Health Center and California 1206d Provider-Based clinic, serves approximately 70,000 active patients, making it one of the largest clinics north of Sacramento. Its strategic location within the Saint Elizabeth Community Hospital campus ensures high visibility and accessibility. The property's strong tenant history, coupled with the substantial patient volume and the building's excellent condition, makes this a highly desirable investment with a 7.50% cap rate and an asking price of $9,620,000. An adjacent 5.9-acre parcel with freeway frontage is also available for potential expansion. This is a rare opportunity to acquire a stable, high-performing medical office building in a thriving community. The property is located at 2450 Sister Mary Columba, Red Bluff, CA 96080, in Tehama County.

Highlights

  • Fully leased Class B medical office building, 35,085 SF, on a 2.21-acre lot in Red Bluff, CA.
  • 2004 construction, extensively renovated in 2012, with 98 parking spaces and I-5 frontage.
  • 100% occupancy with two credit-rated tenants under net lease agreements.
  • 7.50% cap rate, $9,620,000 asking price.
  • Adjacent 5.9-acre parcel available for expansion.

Property Details for 2450 Sister Mary Columba Dr

Property type
Office properties, Medical offices
Square Feet
35,085 SF
Class
B
Year Built/Renovated
2004/2012
Buildings
1
Stories
2
Lot Size (sq. ft)
96,268 SF

Location Insight

City
Red Bluff
County
Tehama
State
California
Latitude
40.149190633679
Longitude
-122.22173911619
2450 Sister Mary Columba Dr, Red Bluff, California

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2450 Sister Mary Columba Dr
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