280 Cohasset Road Chico, CA 95926

$2,100,000 Closed

About the Property

Please Note: This property has been SOLD

Well constructed building 100% leased by the U.S. Dept. of Veterans Affairs. The VA has been the occupant of the building since taking possession in 2001 and has made many improvements throughout their tenancy. The VA has made lease commitments to mid-2019 when they will be vacating to a newly constructed facility. The property provides for an excellent owner/user or value-add re-tenanting opportunity. The building is located in the Cohasset Village Medical Complex within the Cohasset Medical District of Chico, CA. The Cohasset Medical District is comprised of major medical operators including Enloe Medical Center (±150,000 SF), Windsor Rehabilitation (± 50,000 SF), Riverside Convalescent Hospital (± 25,000 SF), Ampla Health Care (± 20,000 SF), BloodSource (± 15,000 SF), and many private medical and dental practices. The roof was replaced in 2013 and the building has been extremely well maintained. This building is part of a larger portfolio of medical buildings in this area which are being sold by the foreign ownership (other building is 250 Cohasset Road).

Property Information

Size 13,080 SqFt
Price/SqFt $161
Year Built 1999
Property Type Office
Listing Number SN18268820
Listed 11/7/2018
Modified 4/9/2019
Listing Agent Brandon Harris
Listing Office Harris Commercial Real Estate

Property Features

# of Buildings
  • 1
Cap Rate
  • 11.77
Land Use
  • Office
Stories Total
  • 1
Water Source
  • Public
Business Type
  • Dental
  • Financial
  • Health Services
  • Medical
  • Mixed
  • Professional/Office
  • Special Use