2450 Sister Mary Columba DrRed Bluff, CA 96080
- Healthcare properties
- 2.21 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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