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250 Cohasset Road, Chico, CA 95926

Commercial property

250 Cohasset Road, Chico, CA 95926 Sold July 2024 CRMLS
$2,150,000Sold July 2024

Listing Agent: Brandon Harris (DRE #01318261) · Listing Office: Harris Commercial Real Estate · Contact: 530-828-9289 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #SN23098661 · Source: CRMLS

11,277
Building Sq Ft
6.77%
Cap Rate
$167,449
NOI
37,026 sqft
Lot Size
1996
Year Built
Commercial property
Type

About this commercial property

Located in the heart of the Cohasset Medical District and fronting onto Cohasset Road, this multi-tenant building has a great mix of restaurant/taphouse, medical and office users. Flanked by some of the largest medical operators in the region including Enloe Medical Center, this four-tenant building has a very solid rental history, with the US Department of Veterans Affairs occupying since 2012 and all tenants having multi-year terms remaining. Contributing to the low historical vacancy rate, 250 Cohasset Road has a large parking area, great street frontage, solid co-tenancy within the Cohasset Village Complex (including Chico Sports Club, Reeve Woods Eye Center, Paradise Medical Group, Valley Clinical Labs and many others), and ease of access from Highway 99, Mangrove Avenue and Esplanade. Other adjacent users include Enloe Regional Cancer Center, Ampla Health, Chico Pediatrics, Vitalant, Enloe Prompt Care, Northstate Cardiology and many others.

Listing description from the July 2024 sale, as reported to CRMLS.

Sale history

$2,150,000
Sold July 2024 · listed $2,475,000, orig. $2,575,000, on market May 2023 · MLS #SN23098661 · Source: CRMLS
Listing Agent: Brandon Harris · Listing Office: Harris Commercial Real Estate · Contact: 530-828-9289 · Bought with: General NONMEMBER · NONMEMBER MRML
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