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460 Rio Lindo Avenue

Chico, CA 95926
  • $2,100,000
  • STATUS: Active
  • ON SITE: 634 Days
  • ID#: SN21143166
UPDATED: 31 min ago
$2,100,000
  • 0
    BEDS
  • 1.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1976
County:

School Ratings & Info

Listing Agent(s): Brian Littrell of Coldwell Banker C&C Properties (530-895-1545)


Description

Back on Market due to no fault of Seller. Office Investment Opportunity with solid CAP Rate, and recent 3 year Lease Extension in place. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated (i.e. new roof/gutters, HVAC upgrade, and extensive interior remodel. Total cost of improvements was approx. $500k, over the last 36 Months), single story office building, with ample parking, and fenced/secure yard space, for parking the PG&E work trucks/rigs overnight.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-28T08:27:48.687. 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 Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/118903956
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460 Rio Lindo Avenue Chico, CA 95926

  • Price: $2,100,000
  • Status: Active
  • On Site: 634 Days
  • Updated: 31 min ago
  • ID#: SN21143166
0
Beds
0
Baths
0
½ Baths
1.26
Acres
1976
Built
County:
Butte
Property Description
Back on Market due to no fault of Seller. Office Investment Opportunity with solid CAP Rate, and recent 3 year Lease Extension in place. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated (i.e. new roof/gutters, HVAC upgrade, and extensive interior remodel. Total cost of improvements was approx. $500k, over the last 36 Months), single story office building, with ample parking, and fenced/secure yard space, for parking the PG&E work trucks/rigs overnight.
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 2023-03-28T08:27:48.687. 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 Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Brian Littrell of Coldwell Banker C&C Properties (530-895-1545)