1264 99 Hwy - Butte County Storage Portfolio (3 properties) 14,012 SF Specialty Building Offered at $3,500,000 at a 6.37% Cap Rate in Gridley, CA 95948

3 property self-storage portfolio.
1. 1264 CA-99, Gridley, CA - 18,063 NRSF
2. 2687 Highway 99, Biggs, CA - 14,048 NRSF
3. 5100 Clark Road, Paradise, CA - 11,500 NRSF.
Stable investment with upside
• Overall, the properties are running at 18.6% economic vacancy. Physical vacancy is running close to 25%. We anticipate as the economy improves,
rents and occupancy will rise to a standard 10% economic vacancy. If 90% economic occupancy is achieved at the current rent levels, the
portfolio will generate a 8.53% CAP rate at the list price of $3,500,000.
• Both the Gridley and Biggs properties feature ample room for expansion.
• Management of the properties is currently ran out of the Gridley location with remote help at each of the other two properties. Many leases are
executed digitally which alleviates the workload at the individual property
• The Biggs location offers two apartment units - a manufactured home and a standalone single family home. This offers an investor diversity of
investment.
• Butte County
Nestled in Northern California, offers a diverse real estate landscape that spans urban, suburban, and rural settings. From the bustling college town
of Chico to the scenic foothills of Paradise and the historic charm of Oroville, the county presents opportunities for homeowners, investors, and
developers alike.
Residential Real Estate
Chico: The largest city in the county, Chico features a mix of single-family homes, townhouses, and student housing. Popular neighborhoods include
California Park, Nob Hill, and The Avenues.
Paradise: Rebuilding efforts post-Camp Fire have led to new construction and revitalized housing options. Buyers can find modern homes with fireresistant
features and updated infrastructure.
Gridley & Biggs: Smaller towns with a rural feel, ideal for buyers seeking quiet living and larger lots.
• Butte County (continued)
Commercial & Investment Properties
Chico and Oroville host a variety of office, retail, and mixed-use spaces.
Paradise presents unique opportunities for redevelopment and new
commercial ventures.
Vacant land is available throughout the county for agricultural, residential, or commercial development.
Land & Rural Properties
Butte County’s rural areas offer agricultural land, ranches, and large parcels for custom home building. Zoning varies widely, so buyers should consult
local planning departments for development potential.
Market Trends
Home prices in Chico and Paradise have seen moderate appreciation due to demand and rebuilding efforts.
Oroville remains one of the most affordable markets in the region.
Inventory is relatively tight, with new construction helping to meet demand in select areas.