Solid Investment Opportunity - the only DMV office in Glenn County. Building is in excellent condition and a major remodel was done at their last lease renewal. The Tenant has every reason to stay in this location long term as it's located right off I-5 and the closest DMV is in Chico. Minimal management involved with tenant reimbursing for most repair expenses. Scheduled GOI of $134,000 with 5% increases every 2 years.
Property Type | Office Bldg |
---|---|
Year Built | 2002 |
Renovated Year | 2020 |
Zoning | CG |
Cap Rate Percentage | 5.72 |
Listing ID | 3ZJDGM |
MLS ID | 23-2860 |
Style | Office Bldg -Government |
Building Size | 3,871 SF |
Lot Size | 0.75 AC |
Region: CA
Region: Willows
Parking Places: | 20 |
Water: | City Water |
Lot Size: | 1/2 - 1 Acre |
Sewer: | City |
Age: | 21-30 Years Old |