422 Otterson Drive, Chico, CA 95928
-
Listed Price :
$3,990,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1991
Property Description
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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
422 Otterson Drive |
| City |
Chico |
| State |
CA |
| Zip |
95928 |
| County |
Butte |
| Listing Agent |
Michael Donnelly DRE #01429436 |
| Co-Listing Agent |
Brian Littrell DRE #01350075 |
| Courtesy Of |
Coldwell Banker C&C Properties |
| List Price |
$3,990,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Industrial |
| Structure Size |
N/A |
| Lot Size |
94,525 |
| Year Built |
1991 |
Listing information courtesy of: Michael Donnelly, Brian Littrell, Coldwell Banker C&C Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 3rd, 2024 at 7:01 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
