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Professional Office / Medical- Fully Leased 110 Independence Cir 7,436 SF 100% Leased Office Building Chico, CA 95973 $995,000 ($133.81/SF)
Investment Highlights
- 100% Leased- New 3 and 5 Year Leases
- Fully Remodeled- New Flooring, Paint, Lighting
- Professionally Managed Office Complex
- Established and Professional Tenants
- Great location- Direct Hwy 99 Access
- Ample Parking
Executive Summary
Fully remodeled and 100% leased. Great location in the established Philadelphia Square professional complex. Two strong and established businesses - GCI Insurance Brokers and Butte Home Health with new 3 and 5 year leases in place. Recent improvements include all new flooring, interior and exterior paint and updated lighting throughout. Ideally situated with direct Highway 99 access and ample on-site parking. Gross income of $84,240/year, providing a strong 6% cap rate for a new investor.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,436 SF
Building Class
B
Year Built/Renovated
1992/2025
Price
$995,000
Price Per SF
$133.81
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,700 SF
Building FAR
0.32
Lot Size
0.54 AC
Zoning
OC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 006-210-082-000 | Improvements Assessment | $847,574 |
| Land Assessment | $218,727 | Total Assessment | $1,066,301 |
Property Taxes
Parcel Number
006-210-082-000
Land Assessment
$218,727
Improvements Assessment
$847,574
Total Assessment
$1,066,301
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Professional Office / Medical- Fully Leased | 110 Independence Cir
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