2450 Sister Mary Columba DrRed Bluff, CA 96080

  • Healthcare properties
  • 2.21 AC
For Sale
$9,620,000 View listing

Property Details for 2450 Sister Mary Columba Dr

Lot size
2.21 AC
Zone code
C-3
Property type
Healthcare properties
Property subtype
Medical offices
APN
035-070-072-000
APU
35070072000

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $17,349,442
    6.5%
    $16,014,870
    7%
    $14,870,951
  • Comparable approach

    Method
    Valuation
    Relative Method
    $13,745,002
    Geo Method
    $13,745,002
  • Alternative Use

    Use
    Valuation
    Residential
    $19,858,440
    Hospitality
    $18,190,224
    Educational
    $15,134,052
    Medical
    $15,654,536
    Retail
    $23,541,860
2450 Sister Mary Columba Dr, Red Bluff, California

Location Insight

City
Red Bluff
County
Tehama
State
California
Latitude
40.1495
Longitude
-122.222
CBSA code
39780
CBSA name
RED BLUFF, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$67,445
$112,447
$6,386,110
$6,498,557
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