3320 Churn Creek Rd
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3320 Churn Creek Rd
3,744 SF 100% Leased Office Building Redding, CA 96002 £970,534 (£259/SF) 7.62% Net Initial Yield
Investment Highlights
- Modern dental practice leased through 2034 with an additional five-year renewal option in Redding, CA
- Net operating income (NOI): $93,000 annually; 7.6% cap rate
- Triple-net (NNN) lease with zero maintenance responsibilities
- Located in a professional office park off Churn Creek Road, south of Del Sol Place
Executive Summary
This ±3,744 square foot dental building in Redding, CA presents a strong investment opportunity with a triple-net (NNN) lease in place through July 2034. Fully remodeled in 2015, the building was updated to meet the needs of a modern dental practice, ensuring functionality and durability. Situated within a professional office park just south of Del Sol Place, the property benefits from its strategic location on the west side of Churn Creek Road, an area known for professional and medical offices. The tenant pays market rent at $7,750 per month, generating a net operating income (NOI) of $93,000 annually with zero maintenance responsibilities for the owner.
The property’s triple-net lease structure offers predictable and reliable cash flow, with the tenant covering taxes, insurance, and maintenance costs. Investors will benefit from the 7.6% cap rate, as well as the rising costs of dental office construction, which make this fully operational space an attractive asset in a supply-constrained market. The combination of a remodeled, professional-grade building and consistent rental income ensures this property remains a solid addition to any investment portfolio.
The property’s triple-net lease structure offers predictable and reliable cash flow, with the tenant covering taxes, insurance, and maintenance costs. Investors will benefit from the 7.6% cap rate, as well as the rising costs of dental office construction, which make this fully operational space an attractive asset in a supply-constrained market. The combination of a remodeled, professional-grade building and consistent rental income ensures this property remains a solid addition to any investment portfolio.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,744 SF
Building Class
B
Year Built/Renovated
2002/2015
Price
£970,534
Price Per SF
£259
Net Initial Yield
7.62%
NOI
£73,983
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
3,744 SF
Building FAR
0.39
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
C-3
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PROPERTY TAXES
Parcel Number | 068-120-075-000 | Improvements Assessment | £239,020 |
Land Assessment | £70,297 | Total Assessment | £309,316 |
PROPERTY TAXES
Parcel Number
068-120-075-000
Land Assessment
£70,297
Improvements Assessment
£239,020
Total Assessment
£309,316
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3320 Churn Creek Rd
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