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Beautiful campus-like complex in The Executiv 1367 E Lassen Ave
16,522 SF Vacant Office Building Chico, CA 95973 $2,750,000 ($166/SF)
Investment Highlights
- The neighborhood is surrounded by well kept professional properties with quality businesses.
Executive Summary
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$280,378
|
$16.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$142,497
|
$8.62
|
| Effective Gross Income |
$137,881
|
$8.35
|
| Taxes |
$34,763
|
$2.10
|
| Operating Expenses |
$26,764
|
$1.62
|
| Total Expenses |
$61,527
|
$3.72
|
| Net Operating Income |
$76,354
|
$4.62
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $280,378 |
| Annual Per SF | $16.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $142,497 |
| Annual Per SF | $8.62 |
| Effective Gross Income | |
|---|---|
| Annual | $137,881 |
| Annual Per SF | $8.35 |
| Taxes | |
|---|---|
| Annual | $34,763 |
| Annual Per SF | $2.10 |
| Operating Expenses | |
|---|---|
| Annual | $26,764 |
| Annual Per SF | $1.62 |
| Total Expenses | |
|---|---|
| Annual | $61,527 |
| Annual Per SF | $3.72 |
| Net Operating Income | |
|---|---|
| Annual | $76,354 |
| Annual Per SF | $4.62 |
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Far Northern Regional
- Health Care and Social Assistance
- 8,125 SF
- $16.97
- Modified Gross
- Feb 2030
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Far Northern Regional | Health Care and Social Assistance | 8,125 SF | $16.97 | Modified Gross | Feb 2030 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Beautiful campus-like complex in The Executive Park, one of the best and most prestigious business parks in town. The neighborhood is surrounded by well kept professional properties with quality businesses. Asking Rent: $7,400 per month. Located in the Chico Executive Park, this turnkey office suite consists of; a built in reception desk with waiting area, and an adjacent large conference room (with wet bar!), a large centralized bullpen, 6 ample size private offices with full size windows, a dedicated copy/file room, a secure server room (with separate climate control), an employee break room with kitchenette, and a gym area with shower. The subject property also boasts, mature landscaping with large shady trees, plenty of parking, and is also close to public transit.
Former Accounting Office - Located in the Chico Executive Park, this light and bright turnkey office suite consists of; a built in reception desk with waiting area, a large centralized bullpen with built-in desks, 5 ample size private offices and a large conference room, a file storage room (with floor to ceiling built in shelving), and a kitchenette, The subject property also boasts, mature landscaping with large shady trees, plenty of parking, and is also close to public transit. Asking Lease Rate - $4,425 per month.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1A | 5,100 SF | Office | - | Now |
| 1st Fl-Ste 1B | 3,161 SF | Office | - | Now |
1st Fl-Ste 1A
| Size |
| 5,100 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 1B
| Size |
| 3,161 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 1A
| Size | 5,100 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Beautiful campus-like complex in The Executive Park, one of the best and most prestigious business parks in town. The neighborhood is surrounded by well kept professional properties with quality businesses. Asking Rent: $7,400 per month. Located in the Chico Executive Park, this turnkey office suite consists of; a built in reception desk with waiting area, and an adjacent large conference room (with wet bar!), a large centralized bullpen, 6 ample size private offices with full size windows, a dedicated copy/file room, a secure server room (with separate climate control), an employee break room with kitchenette, and a gym area with shower. The subject property also boasts, mature landscaping with large shady trees, plenty of parking, and is also close to public transit.
1st Fl-Ste 1B
| Size | 3,161 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Former Accounting Office - Located in the Chico Executive Park, this light and bright turnkey office suite consists of; a built in reception desk with waiting area, a large centralized bullpen with built-in desks, 5 ample size private offices and a large conference room, a file storage room (with floor to ceiling built in shelving), and a kitchenette, The subject property also boasts, mature landscaping with large shady trees, plenty of parking, and is also close to public transit. Asking Lease Rate - $4,425 per month.
PROPERTY TAXES
| Parcel Number | 015-020-004-000 | Total Assessment | $2,470,000 (2024) |
| Land Assessment | $700,000 (2024) | Annual Taxes | $34,763 ($2.10/SF) |
| Improvements Assessment | $1,770,000 (2024) | Tax Year | 2022 |
PROPERTY TAXES
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Beautiful campus-like complex in The Executiv | 1367 E Lassen Ave
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