422 Otterson Dr
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422 Otterson Dr
37,980 SF 100% Leased Industrial Building Chico, CA 95928 £3,148,110 (£83/SF)
Investment Highlights
- Strong National Tenant - Solid Investment Property
- Quality Concrete Tilt Up Construction
- Solar Power
- Excellent NOI
- 8 Roll Up Doors - 4 Loading Docks
- Desirable Hegan Lane Business Park Location
Executive Summary
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 Facts
Price | £3,148,110 | Number of Floors | 1 |
Price Per SF | £83 | Year Built | 1991 |
Sale Type | Investment NNN | Parking Ratio | 1.84/1,000 SF |
Property Type | Industrial | Clear Ceiling Height | 23 ft |
Property Subtype | Service | No. Dock-High Doors/Loading | 4 |
Building Class | B | Level Access Doors | 4 |
Lot Size | 3.64 AC | Opportunity Zone |
Yes
|
Rentable Building Area | 37,980 SF |
Price | £3,148,110 |
Price Per SF | £83 |
Sale Type | Investment NNN |
Property Type | Industrial |
Property Subtype | Service |
Building Class | B |
Lot Size | 3.64 AC |
Rentable Building Area | 37,980 SF |
Number of Floors | 1 |
Year Built | 1991 |
Parking Ratio | 1.84/1,000 SF |
Clear Ceiling Height | 23 ft |
No. Dock-High Doors/Loading | 4 |
Level Access Doors | 4 |
Opportunity Zone |
Yes |
Utilities
- Lighting
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PROPERTY TAXES
Parcel Number | 039-620-009-000 | Improvements Assessment | £1,264,766 |
Land Assessment | £440,072 | Total Assessment | £1,704,838 |
PROPERTY TAXES
Parcel Number
039-620-009-000
Land Assessment
£440,072
Improvements Assessment
£1,264,766
Total Assessment
£1,704,838
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422 Otterson Dr
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