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20979075
20979085

300 Salem St, Chico, CA 95928

BH
CA 01318261
Harris Commercial
Listed by Harris Commercial
$1,699,000
539 days on market
Updated 123 days ago
Opportunity zone

3rd & Salem - Downtown Chico Office Building

Details
APN 004-131-003
Property Type Office
Sub Type Traditional Office
Square Footage 5,804
Net Rentable (SqFt) 5,804
Units 2
Tenancy Multi
Pro-Forma Cap Rate 6.7%
Pro-Forma NOI $113,833
Price per SqFt $293
Class B
Year Built 1958
Year Renovated 2014, 2020
Buildings 1
Stories 1
Acreage 0.180
Zoning OC
Investment Type Net Lease
Ownership Fee

Office | 5,804 SqFt

Marketing description

Net-leased upscale office building in Downtown Chico with a recent full remodel and off-street parking available for sale. This versatile two-tenant building is located on the hard corner of 3rd and Salem Streets and is just steps from all of what Downtown Chico has to offer. This single-story building is split into one large unit of approximately 3,700 SF that has a long-term lease recently signed with Happy Dog Home Mortgage and is configured with 11 private offices, open workstations for 12+ people, huge conference/event room, staff lounge, four private restrooms, built-in reception and waiting area, tons of storage on main floor and attic (accessed by stairs), and private parking area. The second unit is approximately 2,100 SF and is currently up for lease. This unit consists of a reception/waiting area, 4 private offices, two open workspaces, restrooms and break room. The building is constructed with an engineered glass system in the front to allow for abundant natural light throughout along with the many windows into the offices. Both units are equipped with their own separate utility meters, bathrooms, and entrances fronting Salem Street. This property would be suitable for both an investor and user that desires to occupy part of the building.

Listing Contacts

BH
CA 01318261
Harris Commercial
Listed by Harris Commercial

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Additional Information

Name
Brandon Harris
License
01318261
Brokerage
Harris Commercial Real Estate Services
Title
President
Brokerage Address
647 Flume Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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