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Tracy Realty Co.

Tracy Realty Co.
PO Box 3069
Chico, CA

530-893-1909
Contact Us
DRE #01305179

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Listing 3 out of 31
$2,595,000 For Sale

505 Wall Street
Chico, CA 95928

4 units |
15,909 sq ft

Commercial: Office - MLS# SN18292513
Property Photo
1/12

Description

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.

Features

  • Property Type: Commercial
  • Sub Type: Office
  • Listing Status: Active
  • Zip Code: 95928
  • Year Built: 1978
  • Sq.Ft.: 15,909 sq ft
  • Units: 4 units
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Cap Rate: 6.50
  • Co-Listing Agent License: 00956005
  • Co-Listing Office License: 01842969
  • Condo Area Units: Square Feet
  • Country: US
  • Directions: Corner of 5th and Wall
  • Effective Gross: 244082
  • Electric Expense: 3546.00
  • Gross Scheduled Income: 165661.00
  • Insurance Expense: 4780.00
  • Land Use: Office
  • Legal Accounting Expense: 2000.00
  • Listing Agent License: 01441598
  • Listing Office License: 01842969
  • Lot Size Source: Assessor
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Net Operating Income: 166456.00
  • Number Of Buildings: 4
  • Number Of Units Leased: 3
  • Operating Expense: 77626.00
  • Other Income1: 78421.00
  • Parking Total: 52.00
  • Total Expenses: 77626.00
  • Trash Expense: 2253.00
  • Uncovered Spaces: 52.00
  • Water Source: Public
Courtesy of Keller Williams Realty Chico Area, Heidi Brandt-Winslow



Tracy Realty Co. | 530-893-1909 | Contact Us
PO Box 3069 - Chico, CA 95927
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