Did you know? In Redding proper, today, not including the County, we have 35 commercial category properties for sale from $500,000 to the top, which is $1,850,000. Some of these are very good deals, for they were financed back 3-5 years ago, and they have not been able to maintain the income that was needed. Some are selling considerabily below what was paid.
The return will vary, from an 8.7% cap on a mobile home park to a 6.5% cap on an apartment building or an office building.
So, if you are in the market for a good buy in commercial property, give us a call. The Largent Cmmercial Group is here to get you a good buy, or to help you sell in this market.
www.ronlargent.com ronlargent@kw.com
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