Remodeled Office Building For
For Sale
$995,000
Pending
110 Independence, Chico, CA 95973
Fully leased office building with strong tenants and highway access.
Days on Market107
Property Features for 110 Independence
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1992
Listing Agency:
Harris Commercial
(530) 419-1600
Listed By:
Calen Chapman · License #02002193
Source:
Elliman
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 23 at 6:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harris Commercial
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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
