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    460 Rio Lindo Avenue

    Chico, CA 95926
    • $2,250,000
    • STATUS: Active
    • ON SITE: 302 days
    • ID#: SN20022554
    $2,250,000
    • 0
      BEDS
    • 1.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,095
      SQFT
    • $149
      $/SQFT
    Type:
    Commercial
    Built:
    1976
    County:

    School Ratings & Info

    Description

    FOR SALE+G-Rare, 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 +G+Options to Renew+G-, making this both a unique and intriguing offering, that surely won+GGt last long.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-29T00:25:55.507. 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 Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/102825964
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    460 Rio Lindo Avenue Chico, CA 95926

    • Price: $2,250,000
    • Status: Active
    • ID#: SN20022554
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.26
    Acres
    15,095
    SQFT
    $149
    $/SQFT
    1976
    Built
    County:
    Butte
    Property Description
    FOR SALE+G-Rare, 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 +G+Options to Renew+G-, making this both a unique and intriguing offering, that surely won+GGt last long.
    Exterior Features

    Construction Materials Drywall Walls Entry Level 1 Fence YN Yes Fencing Chain Link Lot Features LandscapedLevel With StreetRectangular LotNear Public TransitPavedSprinkler System Lot Size Units Acres Parking Total 70.00 Roof Composition Uncovered Spaces 70.00

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None Office Class A

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Status Existing Business Type Professional/Office Cap Rate 7.00 Country Us Current Financing None Expense Year 2019 Gross Scheduled Income 171766.00 Insurance Expense 3515.00 Investment Property YN Yes Land Use Office Laundry YN No Leasable Area Units Square Feet Living Area Source Public Records Maintenance Expense 2659.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 158576.00 Number Of Units Leased 1 Operating Expense 13190.00 Other Expense 3710.00 Property Sub Type Office Real Estate Tax Expense 23397.00 Security Features Closed Circuit Camera(S)Security LightsSmoke Detector(S) Special Listing Conditions StandardTrust Sprinklers YN Yes Tax Annual Amount 23397.00 Tax Rate 1.30 Tax Year 2019 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 3266.00 Water Source Public Year Built Source Public Records Zoning Office

    Listing provided courtesy of Brian Littrell of Coldwell Banker/Dufour


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-29T00:25:55.507. 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 Hart Coastal Group. Licensed in the State of California, USA.

     
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    San Clemente CA, 92672