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60 Declaration Dr
Chico, CA 95973
Office Property For Sale
Investment Highlights
- Opportunity for owner-user to occupy space while collecting tenant income
- Attractive Mount Vernon-style architecture with functional multi-tenant layout
- Located within established Philadelphia Square professional office complex in North Chico
Executive Summary
60 Declaration Drive in Chico, CA is a ±6,404 square foot two-story multi-tenant office building configured into four suites and fully occupied by a mix of professional tenants, providing consistent income. The layout supports efficient multi-tenant use and offers an opportunity for an owner-user to occupy a suite while maintaining revenue from the remaining tenants. The property features a Mount Vernon-style design and reports a net operating income of $75,348. Located in North Chico within the established Philadelphia Square office park, the property benefits from a well-maintained professional environment with a strong tenant mix. The complex provides ample on-site parking and convenient access to major thoroughfares, supporting tenant and visitor accessibility. Surrounding uses include a variety of office and service-oriented businesses, contributing to steady foot traffic and a stable business setting.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,404 SF
Building Class
B
Year Built/Renovated
1989/2016
Price
$700,000
Price Per SF
$109.31
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,590 SF
Building FAR
0.28
Lot Size
0.53 AC
Zoning
OC
Parking
12 Spaces (7.55 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 006-210-090-000 | Improvements Assessment | $546,820 |
| Land Assessment | $218,727 | Total Assessment | $765,547 |
Property Taxes
Parcel Number
006-210-090-000
Land Assessment
$218,727
Improvements Assessment
$546,820
Total Assessment
$765,547
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