Gravitas Commercial Real Estate is pleased to present 900 Fortress Street in Chico, CA. Consisting of 27,760 square feet, the subject property is a three-tenant office building situated on 2.13 acres and conveniently located in the Chico Airport Industrial Park.
The subject property was expertly built in 1999 and now being sold by the original developer. The tenant mix includes Able Kids who just signed a new 5-year lease in October 2024 for 10,200 sqft (www.ablekidsco.com), and two vacant suites totaling approximately 17,400 sqft. The improvements are built on slab foundation with stucco exterior and a metal roof. Fiber optic is also available at the property, which also benefits from a back-up generator. Each suite has package HVAC units while the vacant space has two newer mini-split systems.
This is a wonderful owner/user opportunity, or a new investor has the opportunity to lease the remaining 17,400 sqft vacant suite to achieve a 10.7% cap rate
Please reach out to Marc Guillon for the offering memo.