For Sale
$3,990,000

422 Otterson DrChico, CA 95928

High-yield industrial investment, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a modern 37,200-square-foot concrete tilt-up warehouse situated in Chico, California's desirable Hegan Lane Industrial Park. The property boasts a long-term lease with a reputable national tenant in the door machinery manufacturing industry, providing a strong and attractive net income return. The building features a newer roof (approximately 10 years old) and is fully powered by solar energy, adding significant value. Access is provided by eight roll-up doors: four dock-high doors (10 feet high) and four grade-level doors (two at 10 feet and two at 14 feet high). The warehouse offers a 23-foot ceiling height and includes two-story conditioned modular offices in the front, complete with break rooms and a conference room, as well as additional conditioned offices at the rear. The tenant is responsible for all operating expenses except insurance, making this a truly attractive NNN investment. Located at 422 Otterson Drive, Chico, CA 95928, this property represents a rare chance to acquire a high-performing industrial asset in a prime location. The tenant is a major national company with a long history and multiple facilities across the country.

Highlights

  • $3,990,000 asking price.
  • 37,200 SF industrial building on 2.5 acres in Chico, CA.
  • NNN lease with a long-term, national tenant.
  • Modern concrete tilt-up construction with solar power.
  • Eight roll-up doors (four dock-high, four grade level).

Property Details for 422 Otterson Dr

Property type
Warehouses, Land

Location Insight

City
Chico
County
Butte
State
California
Latitude
39.708729
Longitude
-121.8210833
422 Otterson Dr, Chico, California

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422 Otterson Dr
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