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422 Otterson Drive

Chico, CA 95928
  • $3,990,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: SN24182139
UPDATED: 61 min ago
$3,990,000
  • 0
    BEDS
  • 2.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1991
County:

School Ratings & Info

Listing Agent(s): Michael Donnelly of Coldwell Banker C&C Properties (530-895-1545) and Brian Littrell of Coldwell Banker C&C Properties(530-895-1545)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-19T23:26:23.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/154597033
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422 Otterson Drive Chico, CA 95928

  • Price: $3,990,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 61 min ago
  • ID#: SN24182139
0
Beds
0
Baths
0
½ Baths
2.17
Acres
1991
Built
County:
Butte
Property Description
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.
Exterior Features

Entry Level 1 Lot Features Level

Property Features

Additional Parcels YN No Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms Conventional Property Sub Type Industrial Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-19T23:26:23.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Michael Donnelly of Coldwell Banker C&C Properties (530-895-1545) and Brian Littrell of Coldwell Banker C&C Properties(530-895-1545)