2450 Sister Mary Columba DrRed Bluff, CA 96080

Property Details for 2450 Sister Mary Columba Dr

Lot size

2.21 AC

Zone code

C-3

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

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