$3,990,000
422 Otterson DR Chico, CA 95928
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$3,990,000
Est. payment /mo
2.17 Acres Lot
Active
422 Otterson DR Chico, CA 95928
UPDATED:
10/29/2024 06:01 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN24182139
HOA Y/N No
Year Built 1991
Lot Size 2.170 Acres
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.
The tenant is a major national door machinery manufacturing company headquartered in Ohio with facilities in California and North Carolina.
Location
State CA
County Butte
Interior
Fireplace No
Laundry None
Building
Lot Description Level
Story 1
Water Public
Others
Tax ID 039620009000
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Michael Donnelly • Coldwell Banker C&C Properties • 530-828-0011
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