For Sale
$3,000,000

900 Fortress StChico, CA 95973

1-Story Office, 27,760 SF, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Chico, CA office building, totaling 27,760 square feet, presents a compelling investment opportunity. Currently boasting 100% occupancy with three tenants, including Clockshark and Able Kids, the property offers a strong 6.9% cap rate. The single-story building, constructed in 1999, sits on a generous 2.13-acre lot within the Chico Airport Industrial Park, zoned for Airport Commercial use. Features include a stucco exterior, metal roof, ample parking, mature landscaping, and fiber optic availability. Each suite is equipped with individual HVAC units, and the vacant 8,200 square foot suite features two newer mini-split systems. A backup generator provides added peace of mind. The property's strategic location and current tenant mix, combined with the potential to lease the vacant space, project a pro-forma cap rate of 10.52%, making this a highly attractive investment. The asking price is $3,000,000, translating to $108.07 per square foot. This is a NNN lease type with multi-tenancy.

Highlights

  • 27,760 square foot, three-tenant office building in Chico, CA.
  • Offered at $108 per square foot, representing a $3,000,000 asking price.
  • Ample parking and mature landscaping.
  • Fiber optic availability.
  • Pro-forma cap rate of 10.5%; currently at 6.9% with 100% occupancy.
  • Built in 1999 on a 2.13-acre lot in the Chico Airport Industrial Park; zoned Airport Commercial.

Property Details for 900 Fortress St

Property type
Office properties
Square Feet
27,760 SF
Class
B
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
92,783 SF

Location Insight

City
Chico
County
Butte
State
California
Latitude
39.7987494
Longitude
-121.851631
900 Fortress St, Chico, California

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900 Fortress St
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