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Beautiful Campus Like Complex 1367 E Lassen Ave 16,522 SF 49% Leased Office Building Chico, CA 95973 $3,728,550 CAD ($225.67 CAD/SF)
Investment Highlights
- The neighborhood is surrounded by well kept professional properties with quality businesses.
Executive Summary
PRICE REDUCED - Beautiful campus-like complex in The Executive Park, one of the best and most prestigious business parks in town. Two buildings with a total of five office units for a total of 16,522 sq. ft. on 2.2 acres. Partially leased. Perfect for the owner/user looking for a sterling new location for their business, or the investor looking for upside opportunity. Also available for lease. The neighborhood is surrounded by well kept professional properties with quality businesses. Excellent place to do business and a safe and stable investment.
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$394,492
|
$23.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$200,493
|
$12.13
|
| Effective Gross Income |
$193,999
|
$11.74
|
| Taxes |
$48,912
|
$2.96
|
| Operating Expenses |
$37,657
|
$2.28
|
| Total Expenses |
$86,568
|
$5.24
|
| Net Operating Income |
$107,430
|
$6.50
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $394,492 |
| Annual Per SF | $23.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $200,493 |
| Annual Per SF | $12.13 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $193,999 |
| Annual Per SF | $11.74 |
| Taxes (CAD) | |
|---|---|
| Annual | $48,912 |
| Annual Per SF | $2.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $37,657 |
| Annual Per SF | $2.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $86,568 |
| Annual Per SF | $5.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $107,430 |
| Annual Per SF | $6.50 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
16,522 SF
Building Class
B
Year Built
1991
Price
$3,728,550 CAD
Price Per SF
$225.67 CAD
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,522 SF
Building FAR
0.17
Lot Size
2.21 AC
Zoning
00
Parking
75 Spaces (4.54 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Far Northern Regional
- Health Care and Social Assistance
- 8,125 SF
- $23.88 CAD
- Modified Gross
- Feb 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Far Northern Regional | Health Care and Social Assistance | 8,125 SF | $23.88 CAD | Modified Gross | Feb 2030 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 015-020-004-000 | Total Assessment | $3,509,450 CAD (2025) |
| Land Assessment | $994,581 CAD (2025) | Annual Taxes | $48,912 CAD ($2.96 CAD/SF) |
| Improvements Assessment | $2,514,869 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
015-020-004-000
Land Assessment
$994,581 CAD (2025)
Improvements Assessment
$2,514,869 CAD (2025)
Total Assessment
$3,509,450 CAD (2025)
Annual Taxes
$48,912 CAD ($2.96 CAD/SF)
Tax Year
2022
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Beautiful Campus Like Complex | 1367 E Lassen Ave
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