60 Declaration Drive
Chico, California 95973, United States

MLS#: SN24076812

$825,000 USD

The details

Property features

Date Updated: Aug 14, 2024

Construction details

Year built
1989

Description

Welcome to the Vernon House at 60 Declaration Drive, a distinguished two-story office building nestled in the vibrant community of Philadelphia Square. This remarkable property, constructed in 1989, offers a total of four fully occupied units. This property is an excellent fit for investors seeking a sound income-generating asset that radiates professionalism and functionality. Located in a planned development area, the property benefits from its strategic positioning close to main thoroughfares, offering easy access for commuting and business operations. With a proforma Capitalization Rate of 7.38%, and an actual of 5.05%, this building could be an appealing investment opportunity, with a stable return. Invest in your own piece of Philadelphia Square!

Location

60 Declaration Drive, Chico, California 95973, United States
map image
Courtesy of Austin Barron CENTURY 21 Select Real Estate, Inc.