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    460 Rio Lindo Avenue

    Chico, CA 95926
    • $2,250,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: SN21143166
    UPDATED: 54 min ago
    $2,250,000
    • 0
      BEDS
    • 1.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1976
    County:

    School Ratings & Info

    Description

    FOR SALERare, Single Tenant, Office Investment Opportunity, with long term rental history. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated, single story office building, with ample parking, and fenced/secure yard space behind the building, for parking the PG&E work trucks/rigs overnight. Current Lease has more than two years remaining, with two additional, 24 Month "Options to Renew, making this both a unique and intriguing offering, that surely wont last long.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T00:28:19.707. 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 Coldwell Banker C&C Properties. Licensed in the State of California, USA.
    www.realestateredding.com/homes/118903956
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    460 Rio Lindo Avenue Chico, CA 95926

    • Price: $2,250,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: SN21143166
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.26
    Acres
    1976
    Built
    County:
    Butte
    Property Description
    FOR SALERare, Single Tenant, Office Investment Opportunity, with long term rental history. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated, single story office building, with ample parking, and fenced/secure yard space behind the building, for parking the PG&E work trucks/rigs overnight. Current Lease has more than two years remaining, with two additional, 24 Month "Options to Renew, making this both a unique and intriguing offering, that surely wont last long.
    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

    Listing provided courtesy of Brian Littrell of Coldwell Banker C&C Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T00:28:19.707. 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 Coldwell Banker C&C Properties. Licensed in the State of California, USA.
     
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    Coldwell Banker C&C Properties
    2120 Churn Creek Rd.
    Redding CA, 96002