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505 Wall ST Chico, CA 95928
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Key Details
Sold Price $2,495,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN20029842
Sold Date 11/06/20
HOA Y/N No
Year Built 1978
Annual Tax Amount $27,000
Lot Size 0.800 Acres
Property Sub-Type Office
Property Description
Downtown location, well maintained office complex situated between 5th and 6th Streets. Great investment. Competitively priced at a 6.8% Cap rate. Based on actual rents and expenses. The individual office suites are month to month rentals, with the exception of Boys & Girls club suite 535 is a lease with 2.5% annual increases. There are 4 individual suites. Ample onsite and off site parking. Easy access and plenty of exposure.
Location
State CA
County Butte
Interior
Fireplace No
Laundry None
Building
Lot Description Corner Lot, Rectangular Lot
Water Public
Others
Tax ID 004177013000
Financing Conventional
Special Listing Condition Trust
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Bought with Ken Winslow • Keller Williams Realty Chico Area