Property Detail

Description

One of the most prominent office buildings in Chico, CA, 500 W. East Avenue, is now available for sale, newly leased to a long-term tenant. The well-known stately building features a sweeping two-story glass exterior and a recently remodeled interior. It is located on one of Chico’s main thoroughfares with excellent access to both Highways 99 and 32, in an area dominated by medical and professional office users as well as new multi-family development. Rush Personnel Services, with three locations in Northern CA, has signed a 7-year NNN lease commencing November 1, 2025 following a more than 20-year tenancy at their previous HQ, providing stable income for investors seeking a quality, leased asset in a strong market. The building contains approximately 4,150 square feet of two-story office space, including a waiting and reception area, multiple standard and executive offices, a conference room, break room, open workspace, storage, copy room, and back-office areas. Also included is an approximately 3,000 square foot attached conditioned warehouse space with roll-up door, dedicated AC units, gas heater, office space, storage rooms, and mezzanine space. Additional features include a second-floor patio off the conference room, a private garage with automatic door, and an 88-panel fully owned roof-mounted solar system. With 28 parking spaces and excellent ongoing maintenance, this property is an ideal investment opportunity with a dependable tenant in place.