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2080 E 20th Street, Chico, CA

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2080 E 20th Street

Chico, CA 95928-7702

Property Type:Office Sub Type:- Status:Existing Year Built:2001
Stories:1 Typical Floor:99,840 SF Building Size:99,840 SF
For Sale Price:$18,000,000 Price/SF:$180.29
Cap Rate:9.33 %
Parking:Free Surface spaces are available; Ratio of 5.15/1,000 SF Amenities:Air Conditioning, Bus Line, Food Court, On Site Management

Centrally located along Chico's major retail corridor, the Class A building is located adjacent to the Regional Mall, within walking distance to full range of services. Site is served by public transit, 1/4 mile from Hwy 99 on major arterial roadway at signalized intersection. Chico is widely regarded as one of the top Nor-Cal communities for quality ol life. With two local Colleges (Cal State University Chico and Butte Community College), the region also provides skilled and affordable labor. Chico located 90 miles North of Sacramento. Served by Municipal Airport. Ranked by California Business Magazine as one of the top 5 communities in the Nation. Workforce training and assistance available.

Sale Notes:
Two fully leased Class A Office Buildings (totaling 98,061 RSF), designed and built for United Healthcare (UHC) 16 Year Tenant. Prime 10.18 acre site comprised of Bldg 1 (46,605 SF), Bldg 2 (53,235 SF) together with 7.89 acres of fully improved landscaping and parking (514 stalls at 5.15/1000). 5+ years remaining on firm term United Healthcare lease occupying 91% of the premises. Co-Tenant Keller Williams Realty. Facility 100% Manged by UHC - Minimal Landlord Obligations.

Debt & Equity Information
Debt Type Proposed
Due In 10
Loan Amount $12,480,000
Annual Debt Service $766,166
Interest Rate 4.50%
Down Payment $6,720,000
Amortized Over 30
Loan Description
Conceptual Only Buyer to arrange Financing Terms Cash to Seller

Guillon & Brouhard Real Estate
Bill Brouhard
(530) 893-1277

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