6479 Eastside Rd, Redding, CA 96001

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Building Details:

Former Droscher Equipment yard on Eastside Rd. Income plus surplus land. Main building (12,000 SF on +/-3.5 acres of land) is leased to Statewide Safety & Signs. This is a fantastic opportunity for stable, current income plus the opportunity for future development. The property is highly visible from Hwy 273, providing an opportunity for a high-profile industrial/commercial project. Statewide Safety & Signs & generates about $77,000/yr NOI (lease expires in about 4 years). At a 10% return on investment, this portion of the property is valued at $770,000. The remaining 10 acres of surplus land is valued at $480,000, just over $1/SF for industrial land was sewer service. This property will not last long.