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60 Declaration Drive

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$895,000
60 Declaration Drive
Chico, CA 95973
Size6404 Sq Ft ($139.76/ Sq Ft)
Year Built1989
Listing TypeCommercial Sale
Property TypeOffice
ZoningOC
MLS Listing IDSN24076812
Published Date4/15/2024 24 days ago
Listing Modified5/7/2024 3:15:00 PM 2 days ago
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 6.53%, and an actual of 4.38%, this building could be an appealing investment opportunity, with a stable return. Invest in your own piece of Philadelphia Square!
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From Esplanade, take Independence Circle, Right on Constitution, Left on Declaration.

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Information Provided Courtesy of Austin Barron of Century 21 Select Real Estate, Inc.. Listing data provided by CRMLS, last updated 5/8/2024 1 day ago.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/7/2024 3:15:00 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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