994 E 20th Street Chico, CA 95928

$1,900,000 Active

About the Property

Excellent Investment Opportunity! Established local business has occupied this space for 29 years, and wishes to continue leasing for many years to come! Located across the street from a Chico landmark, Sierra Nevada Brewery, with high traffic counts and easy freeway access. Tenant pays maintenance, taxes and insurance. Rent is currently $8,867 per month - a cap rate of 5.6%. Rent increases annually based on CPI (call agent for details). Metal building was constructed in 1990, metal roof was just re-coated in 2017 with an 18 year warranty. Property features 4,000 sq ft of conditioned office/retail space and 3 restrooms. There are 3 roll-up doors in the warehouse. Property is gated and fence was recently replaced. Do not disturb business/tenants, call for more information!

Property Information

Size 21,448 SqFt
Price/SqFt $88.59
Year Built 1990
Property Type Warehouse
Listing Number SN19183986
Listed 8/1/2019
Modified 8/26/2019
Listing Agent Shane Collins
Listing Office Re/Max of Chico

Property Features

# of Buildings
  • 1
# of Units Leased
  • 1
Cap Rate
  • 5.60
Office SqFt
  • 4000
Roof
  • Metal
Water Source
  • Public
Heating
  • Central
  • Natural Gas
Industrial Type
  • Warehouse/Distribution
  • Warehouse/Office
Business Type
  • Distribution
  • Mixed
  • Retail
  • Warehouse
Land Use
  • Industrial
  • Office
  • Other
  • Retail
Utilities
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Water Connected