300-308 Salem St 5,804 SF 100% Leased Office Building Chico, CA 95928 $2,371,668 CAD ($408.63 CAD/SF) 6.70% Cap Rate

Net-leased upscale office building in Downtown Chico with a recent full remodel and off-street parking available for sale. This versatile two-tenant building is located on the hard corner of 3rd and Salem Streets and is just steps from all of what Downtown Chico has to offer. This single-story building is split into one large unit of approximately 3,700 SF that has a long-term lease recently signed with Happy Dog Home Mortgage and is configured with 11 private offices, open workstations for 12+ people, huge conference/event room, staff lounge, four private restrooms, built-in reception and waiting area, tons of storage on main floor and attic (accessed by stairs), and private parking area. The second unit is approximately 2,100 SF and is currently up for lease. This unit consists of a reception/waiting area, 4 private offices, two open workspaces, restrooms and break room. The building is constructed with an engineered glass system in the front to allow for abundant natural light throughout along with the many windows into the offices. Both units are equipped with their own separate utility meters, bathrooms, and entrances fronting Salem Street. This property would be suitable for both an investor and user that desires to occupy part of the building.