This exceptional industrial property, situated in Chico, CA's premier planned industrial park, presents a unique investment opportunity. Built in 2000, the 49,352 square foot facility sits on a 5.86-acre lot and offers a versatile layout ideal for various manufacturing or industrial uses. The building boasts approximately 8,300 square feet of improved headquarters/front office space and an additional 8,300 square feet of semi-improved mezzanine space, perfect for expansion. The remaining 41,000 square feet comprises a conditioned warehouse/manufacturing area, divided into one large space and three smaller sections, all accessible via interior roll-up and sliding doors. The robust structure features a concrete tilt-up envelope, a joist-to-glue-lam roof system, and interior steel support columns spaced at 25' x 50'. A 6" concrete slab provides a solid foundation. Zoned ML (Light Manufacturing), the property enjoys full city utility service, including fiber optic cable data. Dual recessed truck docks accommodate multiple trailers, and a large, fenced, and paved 40,000 square foot storage yard offers ample secure outdoor space. The building is equipped with a fire suppression sprinkler system, two air-cooled chiller units, and an ice-based thermal storage cooling unit for efficient climate control. Nine roof-mounted package HVAC units serve the office areas and three warehouse sections. The semi-improved mezzanine offers expansion potential, accessible via two stairwells and featuring existing windows. Conveniently located near Highways 99 and 32, this property provides easy access to Sacramento and Redding. Priced at $80 per square foot, this represents approximately 50% of replacement value, making it a compelling investment.
Industrial property - Prime 49,352 SF Industrial Facility
Where is the industrial property located?
The property is located at 435 Otterson Dr Chico, CA.
What is the asking price?
The asking price for this property is $3,995,000.
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Otterson Dr Chico, CA 95928
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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435 Otterson Dr
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