505 Wall Street Chico, CA 95928

$2,595,000 Active

About the Property

Downtown location well maintained office complex situated between 5th and 6th Streets. Former Banc Home Loans Office. Great investment for investor or user. Competitively priced at a 6.5% Cap rate. Based on actual and proforma rents. Suite 535 Wall St. is concurrently listed for lease at this time. The individual office suites are all month to month rentals, very convenient for an investor. There are 4 individual suites comprised as the following; 505 Wall st. is 4,750 Sq. Ft., 515 Wall St. is 3116 Sq. Ft. 525 Wall St. is 3,016 Sq.Ft. and 535 Wall st. is 5,027 Sq. Ft. Total Building Sq. Ft. is 15,909. Ample onsite and off site parking. Easy access and plenty of exposure.

Property Information

Size 15,909 SqFt
Price/SqFt $163
Year Built 1978
Property Type Office
Listing Number SN18292513
Listed 12/17/2018
Modified 1/11/2019
Listing Agent Heidi Brandt-Winslow
Listing Office Keller Williams Realty Chico Area

Property Features

# of Buildings
  • 4
# of Units Leased
  • 3
# of Units Total
  • 4
Cap Rate
  • 6.50
Land Use
  • Office
Parking Total
  • 52.00
Total Expenses
  • 77626.00
Uncovered Spaces
  • 52.00
Water Source
  • Public