Renovated Single-Tenant Medical
For Sale
Contact for pricing
1700 Esplanade, Chico, CA 95926
Fully leased healthcare facility with absolute-net lease structure and physician group guarantee.
Property Size10,000 SF
Price / SF$660
Days on Market147
Property Features for 1700 Esplanade
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Net Operating Income
$528,000
Building Details
Year Built
1966
Year Renovated
2020
Stories
1
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed By:
Scott Barrow · License #CA 02181418
Source:
Crexi
Added: Apr 7
Changed: Aug 31
Last Checked: Aug 30 at 8:55PM
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 Marcus & Millichap - Chicago Downtown
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
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 $6,600,000.
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
