Tuesday, July 1, 2008

Absolute NNN California Bank Deal

Central Redding, California, absolute NNN single tenant bank property for sale at a 5.78% cap rate. The bank just ended their initial 10 year term and have exercised their first 5 year option. Umpqua Bank has 147 locations in the Northwest - headquartered in Portland, Oregon. This branch is one of their high performers with over $52,000,000 in deposits. NASDAQ symbol is UMPQ. This is a solid 1031 exchange property. Get rid of your apartments and into something with great stability and security. Offered at $3,000,000.

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