422 Otterson Drive Chico, CA 95928
About the Property
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.
Property Information
| Size | 37,200 SqFt |
|---|---|
| Price/SqFt | $107 |
| Year Built | 1991 |
| Property Type | Industrial |
| Listing Number | SN24182139 |
| Listed | 9/3/2024 |
|---|---|
| Modified | 10/29/2024 |
| Listing Agent | Michael Donnelly |
| Listing Office | Coldwell Banker C&C Properties |
Property Features
- 1
- Public
Listed by Michael Donnelly and Brian Littrell of Coldwell Banker C&C Properties. Listing data last updated 12/9/2024 at 6:06 AM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2024 11:19 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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