435 Otterson DrChico, CA 95928

Property Details for 435 Otterson Dr

Year built

2000

Construction

TILT-UP CONCRETE

Lot size

5.86 AC

Property size (Sq ft)

49,352 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

039-620-012-000

APU

39620012000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $10,180,578

  Hospitality

  $9,325,355

  Educational

  $7,758,586

  Medical

  $8,025,415

  Retail

  $12,068,911

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7103

Longitude

-121.82

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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