$779,000
FOR SALEActive2535 Ceanothus
Chico CA 95973
3,000
SF
Office
Type
2008
Built
$260/SF
Cost/SF
Listing Agent
Matthew Herman
Listing Agent
DRE #: 01505777
(530) 212-7373Brokerage: Keller Williams Realty Chico Area
Location Analysis
About This Property
This 2008-built professional office building in the Pleasant Valley Courtyard offers a prime investment opportunity in one of Chico’s most sought-after complexes. The 3,000-square-foot structure is split evenly into two 1,500-square-foot units, each featuring a private entrance and independent utility meters. The versatile interior is designed to accommodate diverse professional needs; Unit #120 currently features four large individual offices, while Unit #128 is specifically built out for a dental or medical practice. Constructed with a durable metal roof and wood framing, the building also includes a photovoltaic solar system to enhance energy efficiency. The property is centrally located on Ceanothus Avenue, providing excellent proximity to Pleasant Valley High School and the Safeway Shopping Center. With stable, long-term leases already in place through 2028, this asset offers immediate and consistent returns. Viewing is available by appointment only.
Property Information
Property Overview
Commercial - Office
Property Type
Active
Status
0.03 acres
Lot Size
3,000 SF
Square Footage
$259.67/SF
Price per SF
5.70%
Cap Rate
$9,398
Annual Tax
2,008
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
5.7% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
5.70%
Cap Rate
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Closed commercial sales reported, newest first.