150 Amber Grove Drive Chico, CA 95973

$875,000 Closed

About the Property

Please Note: This property has been SOLD

Excellent opportunity for an investor or owner/user in this 100% leased multi-tenant building in the Amber Grove Office Complex. Located at the main entrance to the six-building complex, this well maintained office building consists of four separate suites ranging in size from 989 to 1,132 square feet, each with separate entrances. This building and complex have great rental and occupancy history, with a solid mix of professional office users. Currently three of the four tenants are on month-to-month leases, two of which have been in the building for 6 and 14 years. This provides the possibility of either extending terms with the existing tenants, or of occupying a portion of the building as an owner/user while retaining tenants in the remainder of the building. Each unit has multiple offices, private bathrooms, and great natural light. There is a large common parking area with well-kept mature landscaping. POA dues are approximately $258/Month and cover the common area landscape, lighting, parking areas, irrigation, and waste. All information contained herein is from sources deemed reliable, we do not, however, guarantee its accuracy. Buyer to verify all information.

Property Information

Size 4,228 SqFt
Price/SqFt $207
Year Built 2006
Property Type Office
Listing Number SN21249028
Listed 11/15/2021
Modified 4/19/2022
Listing Agent Brandon Harris
Listing Office Harris Commercial Real Estate

Property Features

# of Units Leased
  • 4
# of Units Total
  • 4
Cap Rate
  • 5.50
Land Use
  • Office
Office Class
  • B
Office SqFt
  • 4228
Stories Total
  • 1
Total MonthlyRent
  • 5518
Water Source
  • Public
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