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2221 Forest Avenue

Chico, CA 95928
  • $2,995,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: SN22005234
UPDATED: 52 min ago
$2,995,000
  • 0
    BEDS
  • 1.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1992
County:

School Ratings & Info

Listing Agent(s): Brandon Harris of Harris Commercial Real Estate (530-419-1600)


Description

Single-tenant triple net leased building occupied by AAA of Northern California, Nevada and Utah (AAA). The subject property is located on the hard corner of Forest Avenue and Flying V Street in the heart of the main retail corridor in Chico, CA. Immediately to the north is the Chico Mall (HomeGoods, Burlington, Dick's Sporting Goods, JC Penney, Petco, Planet Fitness), The Village Center (Target, Hobby Lobby, Big Lots), Pheasant Run Shopping Center (Best Buy, Old Navy, Staples, PetSmart), and Walmart. To the south is Skypark Plaza (Raley's, Ross, Mattress Firm, Starbucks), Lowe's, Home Depot, and TJ Maxx. The property is maintained by the tenant with minimal landlord responsibilities. The property is oversized for the 8,427 square foot building with a parking ratio of 6.65:1,000 SF and a site coverage of 16.25%. AAA has occupied the building since it was built in 1992, and has recently exercised a three-year extension with a lease termination date of June 30, 2025. Call listing broker for further lease details. All information contained herein is from sources deemed reliable, we do not, however, guarantee its accuracy. Buyer to verify all information contained herein.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T18:26:20.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/124770985
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2221 Forest Avenue Chico, CA 95928

  • Price: $2,995,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 52 min ago
  • ID#: SN22005234
0
Beds
0
Baths
0
½ Baths
1.19
Acres
1992
Built
County:
Butte
Property Description
Single-tenant triple net leased building occupied by AAA of Northern California, Nevada and Utah (AAA). The subject property is located on the hard corner of Forest Avenue and Flying V Street in the heart of the main retail corridor in Chico, CA. Immediately to the north is the Chico Mall (HomeGoods, Burlington, Dick's Sporting Goods, JC Penney, Petco, Planet Fitness), The Village Center (Target, Hobby Lobby, Big Lots), Pheasant Run Shopping Center (Best Buy, Old Navy, Staples, PetSmart), and Walmart. To the south is Skypark Plaza (Raley's, Ross, Mattress Firm, Starbucks), Lowe's, Home Depot, and TJ Maxx. The property is maintained by the tenant with minimal landlord responsibilities. The property is oversized for the 8,427 square foot building with a parking ratio of 6.65:1,000 SF and a site coverage of 16.25%. AAA has occupied the building since it was built in 1992, and has recently exercised a three-year extension with a lease termination date of June 30, 2025. Call listing broker for further lease details. All information contained herein is from sources deemed reliable, we do not, however, guarantee its accuracy. Buyer to verify all information contained herein.
Exterior Features

Lot Features Near Public Transit

Property Features

Additional Parcels YN No Cap Rate 5.51 Common Interest None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Net Operating Income 164930 Property Sub Type Office Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T18:26:20.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
street
Hemet CA, 92545
Listing Agent(s): Brandon Harris of Harris Commercial Real Estate (530-419-1600)