2520 Cohasset Road

    Chico, CA 95973
    • $3,800,000
    • STATUS: Active
    • ON SITE: 275 days
    • ID#: SN18225098
    UPDATED: 46 min ago
    $3,800,000
    • 0
      BEDS
    • 5.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 27,692
      SQFT
    • $137
      $/SQFT
    Type:
    Commercial
    Built:
    1973
    County:

    School Ratings & Info

    Description

    Currently generating $422,640 in Net Annual Income. (11.12% Annual Return on Investment +GG CAP Rate). Tenant pays all Operating Expenses (NNN) and to Extend lease until December 31, 2020. Automotive Dealership Property. South building is 27,692 SF on 1.94 acres. This is part of a larger portfolio totaling 42,773 sq. ft. on 5.07 acres that can be leased or purchased in whole or in part as follows: APN 015-230-032 - North Building - $2,500,000 APN 015-230-033 - South Building - $3,800,000 APN 015-230-032 - 2 Acres Vacant Lot - $1,000,000 Entire complex is currently being leased (NNN) until 12/31/19 and to be extended until 12/31/20. Can be purchased separately or in its entirety. Subject Properties are close to the prime intersection of East & Cohasset. Zoned Regional Commercial allowing for a wide range of retail and commercial uses and even mixed use residential. Currently leased to Courtesy Motors scheduled to vacate by December 31, 2020. Neighbors included Wells Fargo, Walgreens, Good Earth Market, Burger King, Davita Health, Starbucks, Mod Pizza, Cinemark, Trader Joes, CVS and the entire North Valley Plaza Mall. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Lot size taken from public records. Buyer is advised to investigate to their satisfaction.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T18:34:47.97. 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. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/87509862

    2520 Cohasset Road Chico, CA 95973

    • Price: $3,800,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: SN18225098
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.7
    Acres
    27,692
    SQFT
    $137
    $/SQFT
    1973
    Built
    County:
    Butte
    Property Description
    Currently generating $422,640 in Net Annual Income. (11.12% Annual Return on Investment +GG CAP Rate). Tenant pays all Operating Expenses (NNN) and to Extend lease until December 31, 2020. Automotive Dealership Property. South building is 27,692 SF on 1.94 acres. This is part of a larger portfolio totaling 42,773 sq. ft. on 5.07 acres that can be leased or purchased in whole or in part as follows: APN 015-230-032 - North Building - $2,500,000 APN 015-230-033 - South Building - $3,800,000 APN 015-230-032 - 2 Acres Vacant Lot - $1,000,000 Entire complex is currently being leased (NNN) until 12/31/19 and to be extended until 12/31/20. Can be purchased separately or in its entirety. Subject Properties are close to the prime intersection of East & Cohasset. Zoned Regional Commercial allowing for a wide range of retail and commercial uses and even mixed use residential. Currently leased to Courtesy Motors scheduled to vacate by December 31, 2020. Neighbors included Wells Fargo, Walgreens, Good Earth Market, Burger King, Davita Health, Starbucks, Mod Pizza, Cinemark, Trader Joes, CVS and the entire North Valley Plaza Mall. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Lot size taken from public records. Buyer is advised to investigate to their satisfaction.
    Exterior Features

    Lot Features Level With StreetYard Lot Size Source Assessor Lot Size Units Acres

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Retail Square Footage 27692 Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Michael Donnelly of Coldwell Banker/Dufour and Carrie Welch of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T18:34:47.97. 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. Licensed in the State of California, USA.
     
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