Commercial Real Estate in Chico, Call 530-896-3126

460 Rio Lindo Avenue Chico, CA 95926

$2,250,000 Active

About the Property

FOR SALE…Rare, 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 won’t last long.

Property Information

Size 15,095 SqFt
Price/SqFt $149
Year Built 1976
Property Type Office
Zoning Office
Listing Number SN20022554
Listed 1/30/2020
Modified 10/14/2020
Listing Agent Brian Littrell
Listing Office Coldwell Banker/DuFour

Property Features

# of Buildings
  • 1
# of Units Leased
  • 1
# of Units Total
  • 1
Business Type
  • Professional/Office
Cap Rate
  • 7.00
Heating
  • Central
Land Use
  • Office
Office Class
  • A
Parking Total
  • 70.00
Roof
  • Composition
Stories Total
  • 1
Uncovered Spaces
  • 70.00
Water Source
  • Public
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Water Connected
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