Listing provided courtesy of Michael Donnelly of Coldwell Banker C&C Properties. Last updated 2024-11-04 10:19:06.000000. Listing information © 2024 Sandicor.
Asking Price: $3,990,000
422 Otterson, Chico CA 95928
Community:
This Industrial property was built in 1991 and is priced at $3,990,000. Please see the additional details below.
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.
