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Investor's Dream-Fully Leased Trophy Property 590 Vallombrosa Ave 4,611 SF Office Building Chico, CA 95926 $975,000 ($211.45/SF) 7.82% Cap Rate
Investment Highlights
- Investor's Dream
- Close to Bidwell Park, Post Office & Retail Services
- Trophy Investment Property
- Located on Iconic and Ideallic Vallombrosa Ave.
Executive Summary
Investor's Dream! Fully leased trophy property at one of the best locations in Chico. Invest with confidence in this beautiful 4,611 square foot office building with a great setting and well appointed and stylish architecture. Exceptional Cap Rate and Return on Investment. Currently leased to a solid, well established non-profit tenant.
Features include a professional reception and large administrative area, 11 mid size and executive offices, large bullpen or cubicle office, conference room, mail/operations room, storage space, break room and two bathrooms. There is plenty of parking and best of all, you are next to the post office and the Safeway Park Plaza Shopping Center for extraordinary convenience. This property will always have great value.
Features include a professional reception and large administrative area, 11 mid size and executive offices, large bullpen or cubicle office, conference room, mail/operations room, storage space, break room and two bathrooms. There is plenty of parking and best of all, you are next to the post office and the Safeway Park Plaza Shopping Center for extraordinary convenience. This property will always have great value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,611 SF
Building Class
B
Year Built
1990
Price
$975,000
Price Per SF
$211.45
Cap Rate
7.82%
NOI
$76,219
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,611 SF
Building FAR
0.22
Lot Size
0.48 AC
Parking
25 Spaces (5.42 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 003-280-046-000 | Improvements Assessment | $647,435 |
| Land Assessment | $218,727 | Total Assessment | $866,162 |
Property Taxes
Parcel Number
003-280-046-000
Land Assessment
$218,727
Improvements Assessment
$647,435
Total Assessment
$866,162
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