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Fully Leased- Professional Office / Medical 110 Independence Cir 7,436 SF 100% Leased Office Building Chico, CA 95973 $1,369,647 CAD ($184.19 CAD/SF)
Investment Highlights
- 100% Leased- New 3 and 5 Year Leases
- Fully Remodeled- New Flooring, Paint, Lighting
- Professionally Managed Office Complex
- Established and Professional Tenants
- Great Location- Direct Hwy 99 Access
- Gross income of $84,240/year with annual increases
Executive Summary
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.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
7,436 SF
Building Class
B
Year Built
1992
Price
$1,369,647 CAD
Price Per SF
$184.19 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,700 SF
Building FAR
0.32
Lot Size
0.54 AC
Zoning
OC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Butte Home Health
- Health Care and Social Assistance
- -
- -
- -
- GCI Insurance
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Butte Home Health | Health Care and Social Assistance | - | - | - | ||
| GCI Insurance | Finance and Insurance | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 006-210-082-000 | Improvements Assessment | $1,171,644 CAD |
| Land Assessment | $302,357 CAD | Total Assessment | $1,474,001 CAD |
Property Taxes
Parcel Number
006-210-082-000
Land Assessment
$302,357 CAD
Improvements Assessment
$1,171,644 CAD
Total Assessment
$1,474,001 CAD
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Fully Leased- Professional Office / Medical | 110 Independence Cir
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