100% occupied and very well maintained small office building with seven separate suites. Located in south Chico on Forest Avenue, this building is situated in the Forest Avenue Office Complex and has a very solid rental history with very little total vacancy since it was constructed. The building consists of six small suites ranging in size from approximately 300 square feet to 600 square feet with a shared common area and bathrooms, and one larger suite of 1,000 square feet with a private entrance and bathroom. The small-suite configuration lends itself to minimizing vacancy and a fast lease-up with any vacancies. The building has been professionally managed since 2014 and has a great existing tenant mix with several long term tenants. The six small suites all share one electric and one gas meter and all tenants pay a monthly utility fee on top of their base rent, the larger suite is separately metered and paid directly by the tenant. Tenants include mortgage, insurance, attorneys, aesthetician and others. Monthly POA fee includes waste, landscape, irrigation, parking lot cleaning, and private security.
Additional Information