900 Fortress St - Office FOR SALE


Chico, CA 95973
$3,000,000 USD
916-659-8277
900 Fortress St, Chico, CA for Sale
$3,000,000 USD
Office - FOR SALE
1/38
null | 6.9% Cap Rate

900 Fortress St
Chico, CA 95973


HIGHLIGHTS

  • Offered at $108/Ft
  • Built in 1999
  • Realistic 10.5% Cap Rate Upon Lease-Up of Vacant Space
  • Ample Parking
  • Back-Up Generator
  • Mature Landscaping

OVERVIEW

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 Clockshark (www.clockshark.com) who occupies 9,200 sqft, Able Kids who just signed a new 5-year lease in October 2024 for 10,200 sqft (www.ablekidsco.com), and one vacant suite of approximately 8,200 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. In-place income generates a 6.9% cap rate with the opportunity for a new owner to lease the 8,200 sqft space to realistically achieve a 10.52% cap rate. Please reach out to Marc Guillon for the offering memo.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10.52% Cap Rate Upon Lease-Up

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

Airport Commercial

APN/PARCEL ID

047-560-082-000

ASK ABOUT THIS PROPERTY

Marc GuillonGravitas Commercial Real EstateMore Info
916-659-8277

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Marc GuillonGravitas Commercial Real EstateMore Info
916-659-8277

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