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3960 Morrow Ln 50,340 SF Industrial Building Chico, CA 95928 $5,810,000 ($115.42/SF) 7.75% Cap Rate
EXECUTIVE SUMMARY
Kwekel Companies is pleased to offer the sale leaseback of Klean Kanteen’s 50,340 square foot industrial building located on a 2.7 acre site. Klean Kanteen will execute a new 15 year absolute NNN lease at closing.
PROPERTY FACTS
| Price | $5,810,000 | Rentable Building Area | 50,340 SF |
| Price Per SF | $115.42 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 2006 |
| Cap Rate | 7.75% | Tenancy | Single |
| Sale Condition | Sale Leaseback | Parking Ratio | 1.35/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 26’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 2.78 AC | ||
| Zoning | CS - Commercial Services | ||
| Price | $5,810,000 |
| Price Per SF | $115.42 |
| Sale Type | Investment NNN |
| Cap Rate | 7.75% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.78 AC |
| Rentable Building Area | 50,340 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 1.35/1,000 SF |
| Clear Ceiling Height | 26’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | CS - Commercial Services |
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PROPERTY TAXES
| Parcel Number | 002-200-035-000 | Improvements Assessment | $1,959,692 |
| Land Assessment | $778,418 | Total Assessment | $2,738,110 |
PROPERTY TAXES
Parcel Number
002-200-035-000
Land Assessment
$778,418
Improvements Assessment
$1,959,692
Total Assessment
$2,738,110
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3960 Morrow Ln
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