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460 Rio Lindo Avenue

Chico, CA 95926
  • $2,250,000
  • STATUS: Active
  • ON SITE: 151 Days
  • ID#: SN21143166
UPDATED: 13 min ago
$2,250,000
  • 0
    BEDS
  • 1.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1976
County:

School Ratings & Info

Listing provided courtesy of Brian Littrell of Coldwell Banker C&C Properties

Description

FOR SALERare, Single Tenant, Office Investment Opportunity, with long term rental history. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated, single story office building, with ample parking, and fenced/secure yard space behind the building, for parking the PG&E work trucks/rigs overnight. Current Lease has more than two years remaining, with two additional, 24 Month "Options to Renew, making this both a unique and intriguing offering, that surely wont last long.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T09:26:40.11. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/118903956
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460 Rio Lindo Avenue Chico, CA 95926

  • Price: $2,250,000
  • Status: Active
  • On Site: 151 Days
  • Updated: 13 min ago
  • ID#: SN21143166
0
Beds
0
Baths
0
½ Baths
1.26
Acres
1976
Built
County:
Butte
Property Description
FOR SALERare, Single Tenant, Office Investment Opportunity, with long term rental history. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated, single story office building, with ample parking, and fenced/secure yard space behind the building, for parking the PG&E work trucks/rigs overnight. Current Lease has more than two years remaining, with two additional, 24 Month "Options to Renew, making this both a unique and intriguing offering, that surely wont last long.
Exterior Features

Construction Materials Drywall Entry Level 1 Fencing Chain Link Lot Features LandscapedNear Public TransitPavedRectangular LotSprinkler SystemStreet Level Open Parking Spaces 70 Parking Total 70 Roof Composition Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Business Type Professional/Office Cap Rate 7 Common Interest None Current Financing None Gross Scheduled Income 171766 Insurance Expense 3515 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 2659 Net Operating Income 158576 Number Of Units Leased 1 Operating Expense 13190 Other Expense 3710 Property Sub Type Office Security Features Closed Circuit Camera(S)Smoke Detector(S)Security Lights Special Listing Conditions StandardTrust Tax Annual Amount 23397 Tax Year 2019 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 3266 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T09:26:40.11. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
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Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing provided courtesy of Brian Littrell of Coldwell Banker C&C Properties