3075 Crossroads Drive, Redding, CA 96003 (MLS # 25-2708)

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PRICE $990,000 SIZE 6,934 sqft LOT SIZE n/a Request More Info Schedule a Showing

This is a rare opportunity to acquire a truly passive, income producing commercial property delivering a solid 6.8% CAP rate with minimal landlord responsibilities. Located at 3075 & 3077 Crossroads, the property consists of two well-maintained buildings on one parcel, totaling 6,934 square feet of flexible office and warehouse space. The first building at 3075 Crossroads includes 2,175 square feet of office space and 1,025 square feet of warehouse space, while the second building at 3077 Crossroads features 1,644 square feet of office space and 2,090 square feet of warehouse space. These mixed-use buildings are designed with a combination of office areas, warehouse space with roll-up doors, and mezzanines, offering versatility to accommodate a wide range of tenants. Currently divided into three units with potential to convert into four for future upside the layout provides efficient configurations ideal for various uses. A long-term tenant, who recently renewed their lease and intends to remain, ensures stable cash flow with very low management demands. The property is currently generating $84,000 in gross annual income, making this turnkey investment perfectly suited for buyers seeking reliable passive income, whether as a long-term hold or a strategic 1031 exchange. This property represents an excellent 1031 exchange opportunity, making it a perfect fit for investors looking to defer capital gains taxes while adding a solid, income producing asset to their portfolio. Redding is evolving beyond a regional hub into a diversified, resilient, and investor-friendly market. The new wave of commercial and residential projects, combined with sector-wide growth and cultural vibrancy, makes it a highly compelling area for smart, long-term commercial property investment. Redding is evolving beyond a regional hub into a diversified, resilient, and investor-friendly market. The new wave of commercial and residential projects, combined with sector-wide growth and cultural vibrancy, makes it a highly compelling area for smart, long-term commercial property investment and is rapidly emerging as a strategic investment destination in Northern California, offering the rare combination of economic resilience and quality of life that is attracting both residents and businesses alike. Situated in a prime commercial area with excellent visibility and accessibility, this asset combines consistent returns with future growth potential making it a smart, hands-off addition to any investment portfolio.