Ben Sprague
eXp Realty of California Inc
(530) 240-7728
163 Total Sales
3 in Sunset
$296K - $985K Price Range
3652 Eureka Way Redding, CA 96001
Sunset NeighborhoodEstimated Value: $1,086,797
Studio
--
Bath
3,905
Sq Ft
$278/Sq Ft
Est. Value
About This Home
As of June 2024Positioned in the thriving Redding area, this impressive office building spans 3,905 square feet and features a single, fully occupied building. With a strong medical tenant, this property presents a compelling investment opportunity for commercial real estate investors. Boasting high end design elements and well-maintained facilities, this asset is poised to deliver a strong and consistent return. Its strategic location provides visibility and accessibility, ensuring long-term appeal for tenants and potential for continued growth. Don't miss the chance to add this high-performing property to your portfolio and benefit from the stability and potential it offers in the dynamic Redding market. Secure Investment with Long-Term Tenant: This stand-alone building is leased to Paradigm Clinical Research under a secure Triple Net (NNN) lease agreement. Signed in September 2021, the initial lease term extends to August 2026, with built-in rent increases of 3% annually. Additionally, Paradigm has the right to extend the lease for three more 5-year terms, offering continued stable income and potential for further rent growth.
About tenant;
See documents section for brochure.
Last Agent to Sell the Property
Capital Rivers Commercial License #01747622 Listed on: 05/16/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 2002
Lot Details
- 32,670 Sq Ft Lot
Parking
- Off-Street Parking
Listing and Financial Details
- Assessor Parcel Number 103-570-008-000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2024
Closed on
Jun 26, 2024
Sold by
Bought by
Seller's Agent
Ryan Haedrich
Capital Rivers Commercial
Buyer's Agent
Sandy Duggan
eXp Realty of Northern California, Inc.
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,203
Avg. Annual Appreciation
-0.57%
Purchase Details
Closed on
Jun 7, 2023
Sold by
Bought by
Purchase Details
Closed on
Oct 20, 2003
Sold by
Bought by
Purchase Details
Closed on
May 21, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 13, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Interest Rate
6.37%
Mortgage Type
Construction
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sunset, CA
-
Ben Sprague
-
Justin Cartwright
Justin Cartwright
Waterman Real Estate
(530) 319-5938
147 Total Sales
6 in Sunset
$323K - $555K Price Range
-
Josh Domke
Josh Domke
Northstate Real Estate Professionals
(530) 732-1472
34 Total Sales
1 in Sunset
$1,400,000 Price
-
Richard Howe
Richard Howe
Responds QuicklyBetter Homes Gardens Real Estate - Results
(530) 364-5249
90 Total Sales
4 in Sunset
$40K - $875K Price Range
-
Ryan Green
Ryan Green
eXp Realty of California
(530) 657-0689
106 Total Sales
1 in Sunset
$643,000 Price
-
Patrick Pinnow
Patrick Pinnow
TREG INC - The Real Estate Group
(530) 451-0930
45 Total Sales
1 in Sunset
$600,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,100,000 | Chicago Title Company | ||
| -- | None Listed On Document | ||
| -- | -- | ||
| -- | Alliance Title Company | ||
| -- | Alliance Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $250,000 | ||
| Previous Owner | $310,000 | ||
| Previous Owner | $558,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $1,100,000 | -8.3% | $282 / Sq Ft |
| 05/31/2024 05/31/24 | Pending | -- | -- | -- |
| 05/16/2024 05/16/24 | For Sale | $1,200,000 | -- | $307 / Sq Ft |
Source: Shasta Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $12,004 | $1,144,440 | $364,140 | $780,300 |
| 2025 | $10,464 | $1,122,000 | $357,000 | $765,000 |
| 2024 | $10,315 | $968,600 | $217,240 | $751,360 |
| 2023 | $10,315 | $950,903 | $212,981 | $737,922 |
| 2022 | $9,487 | $870,270 | $250,000 | $620,270 |
| 2021 | $9,552 | $864,230 | $250,000 | $614,230 |
| 2020 | $7,656 | $670,900 | $250,000 | $420,900 |
| 2019 | $7,335 | $663,276 | $250,000 | $413,276 |
| 2018 | $6,994 | $613,560 | $245,000 | $368,560 |
| 2017 | $6,572 | $566,970 | $235,000 | $331,970 |
| 2016 | $6,388 | $557,980 | $225,000 | $332,980 |
| 2015 | $6,198 | $539,470 | $200,000 | $339,470 |
| 2014 | $5,812 | $497,970 | $150,000 | $347,970 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Haedrich
Seller's Agent in 2024
Ryan Haedrich
Capital Rivers Commercial
(530) 917-4981
2 in this area
35 Total Sales
-
Sandy Duggan
Buyer's Agent in 2024
Sandy Duggan
eXp Realty of Northern California, Inc.
(530) 209-6539
4 in this area
197 Total Sales
Map
Source: Shasta Association of REALTORS®
MLS Number: 24-2143
APN: 103-570-008-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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