280 Cohasset Road
Chico, CA 95926

Sold

Sold for $2,100,000 on Apr 9, 2019

Description

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).

Features

• Property Type: Commercial
• Sub Type: Office
• Listing Status: Closed
• Listing Price: $2,289,000
• Zip Code: 95926
• Year Built: 1999
• Sq.Ft.: 13,080 sq ft
• Building Area Units: Square Feet
• Building Status: Existing
• Cap Rate: 11.77
• Condo Area Units: Square Feet
• Country: US
• Directions: North side of Cohasset Road between Mangrove and Esplanade
• Land Use: Office
• Listing Agent License: 01318261
• Listing Office License: 01946519
• Lot Size Source: Assessor
• MLS: CRM
• Max Total Area Units: Square Feet
• Min Total Area Units: Square Feet
• Net Operating Income: 269439.00
• Number Of Buildings: 1
• Selling Agent: Johnny Klinger
• Selling Agent License: 01251617
• Selling Office: Century 21 Select Real Estate, Inc.
• Selling Office License: 01912741
• Stories Total: 1
• Water Source: Public
• Sold Date: 2019-04-09 00:00:00
• Sold Price: 2100000.00