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7 Governors Ln

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Well maintained office building located in Northcentral Chico. The property is over 80% occupied and contains clean, small, and affordable spaces. The common areas present well to the public for professional offices. Parking is 13:1.
Directions: Esplanade to White Ave, to Governors Ln.
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Address: 7 Governors Ln Asking Price: $370,000
Unit #: Year Built: 1989
Cross Street: Total Bldg: 1
City: Chico Total Units: 11
State: California Floors: 2
Zip: 95926 Apx SqFt: 3,092
County: Butte Price/SqFt: $119.66
AP #: 006-081-039-000 Acres:
.37
Assessor
Property Type: Commercial Sale Land Use: Office
Sub Type: Office Office Class: B
Status: Active Entry Level: 1
Sale Type: Standard Additional Parcels: No
Zoning:
office/commercial
# Units Leased: 9
Building Name: Occupancy: Occupied
Building Status: Existing Investment Prop: Yes
Current Use: # of Tenants: 9
Builder's Name: Anchors/CoTenants:
Park Name: Signage: Sign Freestanding,Sign on Building
Topography: Laundry Equipment:
Annual Expense Info Annual Operating Info
Expense Year: 2016 Vacancy Allow $: $4,002
Real Estate Tax: $2,691 Vacancy Allow %: 10
Person Prop Tax: $ Gross Sch Rents: $40,020
Electric: $3,493 Laundry Income: $
Water/Sewer: $848 Other Income: $
Trash: $ Annual OE: $14,611
Building: $ Effective Gross: $36,018
Legal/Accounting: $ NOI: $20,607
Advertising: $    
Insurance: $1,800 General Financial Info
Prof. Mgmt: $3,000 Accounting Type: ProForma
Maintenance: $6,379 Cap Rate: 6.3
Resident Mgr: $ Financing Available:
Supplies: $ Tax Rate:
Other Expense: $ Property Tax: $2,691
Total Expenses: $15,411 Property Tax Year: 2016
Reserves: $ Total Monthly Rent: $2,995
Listing Date: 9/15/2017 Original Price: $395,000
Today's Date: 11/21/2017 Price Change: -$25,000
Days Listed: 66 Current Price: $370,000
Feel free to ask for more information, showings, or an objective opinion of value for any property.

I have decades of experience selling commercial real estate here in Chico and my team and I are ready to go to work for you. So bring your questions or showing requests when you're ready!

Susie Stephens
Owner, Broker, Realtor
Chico Real Estate, Inc.
1250 East Ave. Chico, Ca
530-898-1250
Contact us
Features
Utilities Water Electricity
- Public
Electricity: Standard

 
Heating Cooling Security
- Central Furnace
Building Features Construction Materials Roofing
- Lap Siding
- Composition
Lot Features Business Type Industrial Type
- Cul-De-Sac
- Landscaped
- Treed Lot
- Variety
Laundry Fencing Terms
- None
Square Footage Parking
Office SqFt 1,829 # of Parking Spaces 24
Retail SqFt # of Carport Spaces 0
Industrial SqFt # of Uncovered Spaces: 24
Largest Contigious SqFt 299 Total Parking Spaces 24
High Tech Flex SqFt Parking Ratio
Price Includes Price Excludes Clearance
Listing Updates
Update Old Value New Value Price Change Date Time
List Date 9/15/2017
Entered in MLS 9/15/2017
12 new photos 0 12 9/19/2017 5:55 PM
Search Tags
10/17/2017 11:20 AM
Price $395,000 $370,000 -$25,000 10/17/2017 11:20 AM
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Full Screen Gallery

Information provided to the MLS courtesy of Siewert, Brandon of Century 21 Jeffries Lydon And Featherston, Larry Of Century 21 Jeffries Lydon.

Please verify all information before relying on it. There may be a difference between actual and provided information. Based on information from California Regional Multiple Listing Service, Inc. as of October 17, 2017.
This listing at 7 Governors Ln, Chico, California 95926, was last changed by the listing agent and consequently updated here on: November 16, 2017. All commercial real estate and MLS data were last updated here on chicorealestate.net on: November 21, 2017 1:14 AM.