$2,850,000
$2,995,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
2221 Forest AVE Chico, CA 95928
1.19 Acres Lot
Key Details
Sold Price $2,850,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN22005234
Sold Date 07/22/22
HOA Y/N No
Year Built 1992
Lot Size 1.190 Acres
Property Sub-Type Office
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.
Location
State CA
County Butte
Interior
Fireplace No
Laundry None
Building
Lot Description Near Public Transit
Story 1
Water Public
Others
Tax ID 002550021000
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Brandon Harris • Harris Commercial Real Estate