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.
Features
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Address Map
U.S.
California
Butte
Chico
95928
422 Otterson Drive
0
W122° 10' 43.9''
N39° 42' 31.6''
MLS Addon
$0
37,200 Sqft
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: No
0
Hegan Lane to Otterson Dr
: No
1
CH157000973

Commercial Sale For Sale Chico

422 Otterson Drive, Chico, Butte, California, 95928

94,525.20 Acre
Visits : 14 in 18 days
$3,990,000
Listing ID #SN24182139
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : SN24182139
Price : $3,990,000
Year Built : 1991
Lot Area : 94,525.20 Acre
Status : Active
Property Sub Type : Industrial
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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