250 Cohasset Rd

Investment Highlights

LOCATED IN MAIN MEDICAL DISTRICT LARGE PARKING AREA SOLID RENTAL HISTORY WITH LOW HISTORICAL VACANCY WELL MAINTAINED

Executive Summary

Located in the heart of the Cohasset Medical District and fronting onto Cohasset Road, this multi-tenant building has a great mix of restaurant/taphouse, medical and office users. Flanked by some of the largest medical operators in the region including Enloe Medical Center, this four-tenant building has a very solid rental history, with the US Department of Veterans Affairs occupying since 2012 and all tenants having multi-year terms remaining. Contributing to the low historical vacancy rate, 250 Cohasset Road has a large parking area, great street frontage, solid co-tenancy within the Cohasset Village Complex (including Chico Sports Club, Reeve Woods Eye Center, Paradise Medical Group, Valley Clinical Labs and many others), and ease of access from Highway 99, Mangrove Avenue and Esplanade. Other adjacent users include Enloe Regional Cancer Center, Ampla Health, Chico Pediatrics, Vitalant, Enloe Prompt Care, Northstate Cardiology and many others.

• Sale Type    Investment
• Property Type    Office
• Property Subtype    Medical Medical General Retail Restaurant Medical
• Building Size    11,277
• Building Class    B
• Year Built/Renovated    1993/1997
• Price    2,475,000
• Price Per SF    219
• Cap Rate    6.77
• NOI    167,449
• Percent Leased    89
• Tenancy    Multiple
• Building Height    1 Story
• Typical Floor Size    11,277
• Building FAR    0.30
• Land Acres    0.85 AC