2072 E 20th St - Freestanding FOR SALE


Chico, CA 95928
$3,450,000 USD
510-304-8077
2072 E 20th St, Chico, CA for Sale
$3,450,000 USD
Freestanding - FOR SALE
1/21
null | 7.55% Cap Rate

2072 E 20th St
Chico, CA 95928


HIGHLIGHTS

  • Exceptional Investment Opportunity
  • Convenient Access to Transportation Corridors
  • Close Proximity to Downtown Chico
  • Nearby Notable Recreational Attractions

OVERVIEW

2070 & 2072 E 20th St is an exceptional retail asset located in the thriving city of Chico, California. Situated on a parcel of land totaling 1.26 acres, the subject property was originally constructed in 2003 and has a gross rentable area of approximately 15,242 square feet. Additionally, the subject property offers its renters close proximity to California State University, Chico, and the tenant anchored WinCo Foods, creating strong demand and high foot traffic within the area. The subject property is situated within close proximity to Downtown Chico. The Downtown district is well known for their Thursday Night Market throughout the summer months, offering fresh local produce, arts and crafts, and live entertainment. Additionally, 2070 & 2072 E 20th St offers close proximity to notable attractions including Lake Oroville, Butte Creek Canyon, the Sierra Nevada Mountain range and Bidwell Park, which is known as one of the largest municipal parks throughout the nation, all offering renters and locals a plethora of outdoor recreational activities. The subject property also offers renters & employees easy access to State Route 99, State Route 149 and State Route 32, as well as numerous other modes of transportation. The investment appeal of this asset is driven by Chico’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Chico, 2070 & 2072 E 20th St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CC

APN/PARCEL ID

002-370-020-000,002-370-025-000

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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