Office Space / California / Chico / 95928 / 2345 Forest Avenue

2345 Forest Avenue

Q: What is the asking price for 2345 Forest Avenue in Chico?

The asking price for 2345 Forest Avenue is $3,140,000

Q: What is the building size of this Office property in Chico, CA?

The size of the building/unit at 2345 Forest Avenue in Chico is 7,200 square feet.

Q: How much land does the Chico, CA property at 2345 Forest Avenue include?

2345 Forest Avenue in Chico includes 1.020 acres of land.

Q: What kind of Office is the propery at 2345 Forest Avenue?

The property at 2345 Forest Avenue Chico, CA 95928 is listed as a Medical Office property.

Q: What is the population within 1 mile of 2345 Forest Avenue?

The population within 1 mile of 2345 Forest Avenue Chico, CA 95928 is 5,022 people.

Q: Who do I contact for questions about 2345 Forest Avenue?

You should contact the listing agent, Bryan Webb , for any details regarding this commercial listing.

Chico, CA 95928

Listing ID: 259217

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2345 Forest Avenue | for Sale | Thumbnail 1

2345 Forest Avenue | for Sale | Thumbnail 2

Building Size: 7,200 SF

Lot Size: 1.020 AC

Land Size: 44,431 SF

Building $/SF: $436.11

Land $/SF: $70.67

Price

$3,140,000

Property Highlights

Brand new lease extension for five years starting 81521

Above average dialysis station count of 18

Strong medical retail location with numerous national credit tenants surrounding the subject property

Located just off of Highway 99 and only DaVita in the southern portion of Chico, CA

Annual increases, which is a good hedge against inflation

Current rent is deemed Fair Market Value by the tenant

Tenant has been at this location since 2003

Description

The investment benefits from a brand new 5-year lease extension featuring annual rent increases, which is an excellent hedge against inflation. The tenant is a wholly owned subsidiary of DaVita Healthcare Partners Inc, which is currently rated BBB+ by Standard and Poor’s. DaVita selected this site in 2003, which expanded DaVita’s footprint in the Chico market to serve the southern community and bolster its presence in a then under served market. This site has 18 dialysis stations which is well above the national average. DaVita has been open and paying rent throughout the covid pandemic and did not ask for any rent credits at this location. As part of the renewal deal, the current landlord agreed to provide DaVita with two months of free rent. The seller will credit the buyer the two months of rent at the close of escrow depending on when the close of escrow is scheduled to occur.
The subject property is located in the southern portion of Chico, CA, with access to both HWY 99 and I-32, and sits near the California State University Chico Campus.

Attachments & Files

davita-chicoca-ynV-Vw5.pdf

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Listing Demographics for 2345 Forest Avenue Chico, CA 95928

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		5,022	44,429	98,312
Population Median Age		36	36	36
Population by Age	0-9 Yrs	624 (12%)	4577 (10%)	10124 (10%)
	10-19 Yrs	565 (11%)	6158 (13%)	13597 (13%)
	20-29 Yrs	1135 (22%)	11320 (25%)	24273 (24%)
	30-39 Yrs	764 (15%)	5144 (11%)	11577 (11%)
	40-49 Yrs	511 (10%)	4372 (9%)	9988 (10%)
	50-59 Yrs	488 (9%)	4165 (9%)	9751 (9%)
	60-69 Yrs	508 (10%)	4510 (10%)	9727 (9%)
	70+ Yrs	425 (8%)	4183 (9%)	9276 (9%)

Median HH Income		$46,563	$52,030	$53,281
Total Household Income	< 24K	492 (25%)	4668 (27%)	9972 (26%)
	25-49K	515 (27%)	3576 (21%)	7957 (21%)
	50-74K	347 (18%)	2616 (15%)	5940 (15%)
	75-99K	190 (9%)	1815 (10%)	4094 (10%)
	100-199K	312 (16%)	3137 (18%)	7161 (19%)
	200K+	52 (2%)	1118 (6%)	2473 (6%)

Highest Education Level	No Diploma	372	1938	4517
	Diploma or GED	672	4297	9632
	Some College	997	7042	15887
	Assoc. Degree	379	2595	6275
	Bachelors Degree	675	6675	14434
	Higher Degree	234	3677	7859

Total Housing Units		2,082	19,148	41,838
--Owner-Occupied		722	7,540	17,559
--Renter-Occupied		1,185	9,389	20,038
Owner-Occupied Values	< 100K	26	359	1406
	100-199K	120	731	1188
	200-299K	300	2024	4594
	300-399K	189	2062	5258
	400-499K	33	936	2244
	500K+	53	1429	2869

Total Working Age Population		4,089	37,441	82,332
In Work Force		2,639	23,903	52,730
Not In Work Force		1,450	13,539	29,603
Workforce Employed		2,382	21,573	48,297
Workforce Unemployed		255	2,314	4,366
Civlian Workforce		2,637	23,887	52,663
Military Workforce		2	16	66

Total Households		1,907	16,930	37,597
Family Households		1,077	8,500	19,870
Non-Family Households		830	8,430	17,727
Married Couple		667	5,901	13,718
Other Family		410	2,599	6,152
Married w/Child		312	2,274	5,379
Single Male w/Child		63	384	846
Single Female w/Child		140	940	2,238

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
California	33,871,648	+10	37,253,956	+9	40,467,295	+8	43,631,295
Butte County	203,171	+8	220,000	+5	230,282	+7	246,880
Glenn County	26,453	+6	28,122	+5	29,585	+6	31,304

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 2345 Forest Avenue in Chico?

The asking price for 2345 Forest Avenue is $3,140,000

What is the building size of this Office property in Chico, CA?

The size of the building/unit at 2345 Forest Avenue in Chico is 7,200 square feet

How much land does the Chico, CA property at 2345 Forest Avenue include?

2345 Forest Avenue in Chico includes 1.020 acres of land

What kind of Office is the propery at 2345 Forest Avenue?

The property at 2345 Forest Avenue Chico, CA 95928 is listed as a Medical Office property

What is the population within 1 mile of 2345 Forest Avenue in Chico?

The population within 1 mile of 2345 Forest Avenue Chico, CA 95928 is 5,022 people.

Who do I contact for questions about 2345 Forest Avenue?

You should contact the listing agent, Bryan Webb , for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Sacramento International Airport (SMF)	72
Reno Tahoe International Airport (RNO)	109
Metropolitan Oakland International Airport (OAK)	140