Chico, CA 95973 60 Declaration Drive
$895,000
27 more
Presented By: Austin Barron with Century 21 Select Real Estate, Inc.; 5305884538
SQFT • 6,404
Home Details
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!
Presented By: Austin Barron with Century 21 Select Real Estate, Inc.; 5305884538
Interior Features for 60 Declaration Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixDrive
Total Stories2
Other Rooms
Entry Level1
General for 60 Declaration Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Building NameThe Vernon House
Cap Rate6.53
Carport Spaces0.0
Carport Y/NNo
CityChico
Construction MaterialsStucco, WoodSiding
CoolingCentralAir
CountyButte
Current FinancingConventional
Days on Market15
DirectionsFrom Esplanade, take Independence Circle, Right on Constitution, Left on Declaration.
ElectricStandard
Electric Expense252.0
Garage Y/NNo
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2336.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash
Lot Size Square Feet23087.0
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income58439.0
New ConstructionNo
Number of Units Leased4
Occupancy DescriptionOwner
Open Parking Spaces21.0
Operating Expense24141.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalOffice
Property SubTypeOffice
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameDeclaration
Tax Annual Amount7358.42
Tax Year2023
TopographyLevel
Total Units4
Trash Expense2340.0
UtilitiesElectricityConnected, PhoneConnected, SewerConnected, WaterConnected
View Y/NNo
Water Sewer Expense1737.72
Waterfront Y/NNo
Year Built1989
Year Built SourceAssessor
ZoningOC
Exterior for 60 Declaration Drive
Building Area Total6404.0
Crops Included Y/NNo
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions170x152
Lot FeaturesItem25UnitsAcre, Lawn, Level, SprinklerSystem, StreetLevel, Flat
Lot Size Acres0.53
Lot Size Area23087.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourceAssessor
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking21.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480