110 Independence Chico, CA 95973

Building Details

Year Built

1992

Listing Agency Harris Commercial Real Estate c***@harriscre.com Show Phone

Listed by Calen Chapman · License #DRE #02002193

Source Elliman

Added: Apr 15 Checked: Jul 17 at 6:31 am

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Investment Insights

Based on property information with market context.

This fully remodeled office building is 100% leased and located in the Philadelphia Square professional complex. The property is occupied by two established businesses: GCI Insurance Brokers and Butte Home Health, with new leases of 3 and 5 years respectively. Recent improvements include new flooring, interior and exterior paint, and updated lighting throughout the building. The property benefits from direct access to Highway 99 and ample on-site parking. The gross income is $84,240 per year, providing a 6% cap rate.

Key Highlights

• Fully leased with two established businesses providing immediate income
• Strong 6% cap rate offering a solid return for investors
• New 3 and 5 year leases in place, ensuring stable income stream

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FAQs

What type of property is this?

Office building - Fully leased office building with strong tenants and highway access.

Where is this office building located?

The property is located at 110 Independence Chico, CA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Fully leased with two established businesses providing immediate income; Strong 6% cap rate offering a solid return for investors; New 3 and 5 year leases in place, ensuring stable income stream