422 Otterson Drive, Chico CA, 95928

Active

422 Otterson Drive

Chico CA, 95928

$3,990,000

$107.26 per sqft

Active

37,200 sqft

Commercial

Built in 1991

Listed by Michael Donnelly with Coldwell Banker C&C Properties 530-828-0011

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.

SN24182139

MLSⓇ ID

September 3, 2024

Listed

November 22, 2024

Updated

Map

422 Otterson Drive
Chico CA, 95928

Interior Features

Total Stories: 1
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 2.17 Acres
Lot Features: Level

Other Property Details

Garage: No
View: No
County: Butte
Water Source: Public
Pool: No

Listing Contact: 530-895-1545

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 11/22/2024 at 7:28 PM UTC