2600 Park Marina DrRedding, CA 96001
- Office properties
- 75,145 SF
Property Details for 2600 Park Marina Dr
- Year built
- 1964
- Lot size
- 5.95 AC
- Property size (Sq ft)
- 75,145 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 102-190-040-000
- APU
- 102190040000
Description
This exceptional 33,000 square foot executive office space, situated at 2600 Park Marina Drive in Redding, California, presents a unique opportunity for businesses seeking a prominent location. The property, part of a larger 77,000 square foot building, is a single-tenant space within a Class C building constructed in 1972 and renovated in 2003. The building features a concrete tilt-up construction and is currently in grey shell condition, offering significant flexibility for tenant build-out. A build-out allowance is available, contingent upon credit approval and lease terms. Ample parking is provided with 447 common spaces. The property sits on a 5.95-acre lot and is zoned for General Commercial/Visitor Retail use, offering diverse possibilities. Its proximity to the planned River Front redevelopment project further enhances its long-term value and potential. The asking rent reflects the "as-is" condition, with additional rent negotiable based on lease term, construction costs, and tenant creditworthiness. The property's Assessor's Parcel Number (APN) is 102-190-040, located in Shasta County, CA, 96001, near the cross streets of Locust Street. This property is ideal for a business seeking a large, adaptable space in a rapidly developing area of Redding.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $13,542,791
- 6.5%
- $12,501,038
- 7%
- $11,608,107
-
Comparable approach
- Method
- Valuation
- Relative Method
- $10,729,203
- Geo Method
- $10,729,203
-
Alternative Use
- Use
- Valuation
- Residential
- $15,501,287
- Hospitality
- $14,199,096
- Educational
- $11,813,481
- Medical
- $12,219,765
- Retail
- $18,376,526
Location Insight
- City
- Redding
- County
- Shasta
- State
- California
- Latitude
- 40.5754
- Longitude
- -122.374
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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