Property listed by Coldwell Banker C&C Properties, Michael Donnelly 530-896-3126
422 Otterson Drive
Chico, CA 95928
Square Ft.
37,200
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.… Read More 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. Read Less
$3,990,000
Listing Snapshot
Days Online
269
Last Updated
Property Type
Industrial
Square Ft.
37,200
Lot Size
2.17 Acres
Year Built
1991
MLS Number
SN24182139
30 Days Snapshot Of 95928
$486k
-4%
(avg) sold price
24
0%
homes sold
60
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1991, Building area total: 37,200
Laundry
None
Lot
2.17 acres, 94,525 square feet, Size: 2, Level
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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