Keegan Cin | Realtor® | License # DRE 01971604

Property

Chico, CA 95928 422 Otterson Drive

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Presented By: Michael Donnelly with Coldwell Banker C&C Properties; 530-828-0011
  • MLS# SN24182139
  • 09/03/2024
  • Request Tour
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  • SQFT • 37,200
  • Year Built • 1991

Home Details

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.
Presented By: Michael Donnelly with Coldwell Banker C&C Properties; 530-828-0011

Interior Features for 422 Otterson Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
LivingAreaSourcePublicRecords
Total Stories1

Other Rooms

Entry Level1

General for 422 Otterson Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityChico
CountyButte
DirectionsHegan Lane to Otterson Dr
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet94525.2
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
Property Attached Y/NNo
Property Sub Type AdditionalIndustrial
Property SubtypeIndustrial
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Waterfront Y/NNo
Year Built1991

Exterior for 422 Otterson Drive

Building Area Total37200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres2.17
Lot Size Area2.17
Lot Size SourcePublicRecords
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $3,990,000
MLS#SN24182139
List Date 09/03/2024
Property Type Commercial
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