The White Building Listing Details & Market Data

Ideally located in an Opportunity Zone in the direct center of downtown Redding, CA at the corner of Pine and Butte Streets. Pine Street is all state highway 273 and the building directly next door is Redding's newest $40 million mixed use development.Fully leased recently constructed mixed-use building available for sale in an Opportunity Zone in downtown Redding, CA. This 2 story 25,308 square foot building was constructed in 2015 by an owner occupant looking to build a more efficient space for their business and invest in downtown Redding. Formerly the site of the Greyhound Bus Station, this property is ideally located in the heart of downtown Redding at the corner of Butte and Pine Streets with high traffic counts nearing 12,000 cars per day and great visibility. Designed by Scott Gibson Architect, Inc. and constructed by Stuart James Construction, Inc., the building was designed and built with quality in mind and a great attention to detail. The tenant mix includes 2 residential apartments, multiple offices, retail space, and a very popular local wine & beer tap room. At just under $200/sf, the building is offered at well below replacement cost and a cap rate over 6.35% with upside potential with a few existing tenants below market rent. Excellent location with great exposure, this building is in like-new condition in the heart of downtown Redding, CA.Pristine 2nd floor professional office space in the heart of downtown Redding, CA with large open floor plan and expansive windows providing excellent natural light throughout. Private 1st floor entrance with private elevator and stairwell entry directly off private parking area. The 10,445 sf office looks and feels new with tall ceilings, large open floor plan with cubicle area, and many private offices, prestigious conference room, break room, and balcony with outdoor seating. Current tenant lease expires end of December, but there may be an opportunity to occupy the space sooner, please do not disturb the tenant.