422 Otterson Dr - Service FOR SALE


Chico, CA 95928
$3,990,000 USD
530-828-0011
422 Otterson Dr, Chico, CA for Sale
$3,990,000 USD
Service - FOR SALE
1/15
null | Request Cap Rate

422 Otterson Dr
Chico, CA 95928


HIGHLIGHTS

  • Strong National Tenant - Solid Investment Property
  • Excellent NOI
  • Quality Concrete Tilt Up Construction
  • 8 Roll Up Doors - 4 Loading Docks
  • Solar Power
  • Desirable Hegan Lane Business Park Location

OVERVIEW

Solid industrial Net Income investment Property (NNN) fully leased. Modern 37,200 sq. ft. concrete tilt up building in desirable Hegan Lane Industrial Park. Leased by a long time respected national tenant offering an investor an attractive Net Income Return/CAP Rate. Tenant pays all Operating Expenses except insurance. Fully served by solar power for added value, and a newer roof (approximately 10 years old). The building has four Dock High and two grade level roll up doors on the north side (10 feet high) and two grade level doors on the south side (14 feet high) for a total of eight roll up doors. Ceiling height is 23 feet high. Two story modular conditioned offices in the front including break rooms and conference room and conditioned offices in the far back of the warehouse. The tenant is a major national door machinery manufacturing company headquartered in Ohio with facilities in California and North Carolina.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

Lighting

CLEAR CEILING HT

23 Ft

DOCKS

4

DRIVE INS

4

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.64

LAND SF

158,558

ZONING

-

APN/PARCEL ID

039-620-009-000

ASK ABOUT THIS PROPERTY

Mike DonnellyColdwell Banker Commercial C&C PropertiesMore Info
530-828-0011

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Mike DonnellyColdwell Banker Commercial C&C PropertiesMore Info
530-828-0011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.