Renovated Single-Tenant Medical
For Sale
$6,325,000
1700 Esplanade, Chico, CA 95926
Fully leased healthcare facility with absolute-net lease structure and physician group guarantee.
Property Size10,486 SF
Price / SF$603.19
Days on Market78
Property Features for 1700 Esplanade
General Information
Standard status
Active
Size
10,486 SF
Property subtype
Single-Tenant Office Medical
Lease Type
Absolute Net
Amenities
Absolute-Net Lease - no Landlord Responsibilities
2020 Two Million Dollar Major Renovation Included: New Roof, New HVAC Systems, New Flooring etc.
One Block Away from Enloe Medical Center
Building Details
Building Size
10,486 SF
Listed By:
Scott Barrow · License #License(s): CA: 02181418
(312) 327-5424
Source:
Marcusmillichap
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 5 at 3:04PM
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 Scott Barrow
Investment Insights
Based on property information with market context.
This 10,000-square-foot medical office building occupies 0.58 acres and was originally constructed in 1966 before receiving a complete renovation in 2020. The facility is fully leased to Valor Oncology, which uses the property for radiation oncology, cancer treatment, and its corporate headquarters. Specialized systems include IMRT, IGRT, SRS, SBRT, Electron Therapy, 3D Conformal Radiation Therapy, and an Elekta Versa HD system.
The property is positioned along Esplanade in Chico, one block from Enloe Health Medical Center and near additional healthcare facilities, retail amenities, and California State University, Chico. Access to State Route 99 supports connectivity throughout the area.
The investment is structured under an absolute-net lease with no landlord responsibilities and includes a physician group guarantee. Approximately 4.75 years remain on the current term, followed by three five-year renewal options with 10% rental increases at each option. The building is 100% occupied by a single medical tenant.
The property is positioned along Esplanade in Chico, one block from Enloe Health Medical Center and near additional healthcare facilities, retail amenities, and California State University, Chico. Access to State Route 99 supports connectivity throughout the area.
The investment is structured under an absolute-net lease with no landlord responsibilities and includes a physician group guarantee. Approximately 4.75 years remain on the current term, followed by three five-year renewal options with 10% rental increases at each option. The building is 100% occupied by a single medical tenant.
Key Highlights
- 10,000‑square‑foot medical office building on 0.58 acres
- Complete renovation completed in 2020; originally constructed in 1966
- 100% occupied by Valor Oncology as a single‑tenant medical facility
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased healthcare facility with absolute-net lease structure and physician group guarantee.
Where is this medical office space located?
The property is located at 1700 Esplanade Chico, CA.
What is the asking price?
The asking price for this property is $6,325,000.
What are key features of this property?
This property features: 10,000‑square‑foot medical office building on 0.58 acres; Complete renovation completed in 2020; originally constructed in 1966; 100% occupied by Valor Oncology as a single‑tenant medical facility
