110 Independence Cir - Medical FOR SALE


Chico, CA 95973
$995,000 USD
530-514-3034
110 Independence Cir, Chico, CA for Sale
$995,000 USD
Medical - FOR SALE
1/11
null | Request Cap Rate

110 Independence Cir
Chico, CA 95973


HIGHLIGHTS

  • 100% Leased- New 3 and 5 Year Leases
  • Established and Professional Tenants
  • Fully Remodeled- New Flooring, Paint, Lighting
  • Great Location- Direct Hwy 99 Access
  • Professionally Managed Office Complex
  • Gross income of $84,240/year with annual increases

OVERVIEW

Fully remodeled and 100% leased. Great location in the established Philadelphia Square professional complex. Two strong and established businesses - GCI Insurance Brokers and Butte Home Health with new 3 and 5 year leases in place. Recent improvements include all new flooring, interior and exterior paint and updated lighting throughout. Ideally situated with direct Highway 99 access and ample on-site parking. Below market rents provide significant upside potential. Current gross income of $84,240/year with annual increases, providing a strong cap rate for a new investor.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased- Professional Office / Medical

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

OC

APN/PARCEL ID

006-210-082-000

ASK ABOUT THIS PROPERTY

Calen ChapmanCalen Chapman @ Harris Commercial Real EstateMore Info
530-514-3034

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Calen ChapmanCalen Chapman @ Harris Commercial Real EstateMore Info
530-514-3034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.