422 Otterson Drive, Chico, CA, 95928

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$3,990,000
116 Days On Site

422 Otterson Drive
Chico, CA 95928

For Sale|Industrial|Active
0
Beds
0
Full Baths
0
Partial Baths
37,200
SqFt
$107
/SqFt
1991
Built
County:
Butte
Listed by Michael Donnelly of Coldwell Banker C&C Properties [email protected]
Call Now: 818-402-9763
Is this the home for you? We can help make it yours.
818-402-9763
422 Otterson Drive422 Otterson Drive422 Otterson Drive422 Otterson Drive
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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.

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Listing Snapshot
Price 
$3,990,000
Days On Site 
116 Days
Bedrooms 
N/A
Inside Area (SqFt) 
37,200 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.17 Acres
Year Built 
1991
MLS® Number 
SN24182139
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
4 months agoStatus changed to Active
4 months agoListing updated with changes from the MLS®
4 months agoListing first seen on site
General Features
Acres 
2.17
Number Of Stories 
1
Property Sub Type 
Industrial
Special Circumstances 
Standard
SqFt Total 
37200
Water Source 
Public
Interior Features
Laundry Features 
None
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Exterior Features
Lot Features 
Level
Community Features
Financing Terms Available 
Conventional


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. The 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.

Neighborhood & Commute
Source: Walkscore
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