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Gold Star Foods Group | Near CSU Chico/99 Fwy 435 Southgate Ct 52,989 SF Industrial Building Chico, CA 95928 $10,060,000 ($189.85/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • GS Foods Group: A Highly Reputable, B-Rated Industrial Tenant With Distribution Centers in 10 States
  • Strong Corporate Guarantee: Backed by a Tenant with Over $1.5 Billion in Annual Revenue
  • Brand New Lease: GS Foods Group Recently Signed a Six-Year Lease with 3% Annual Increases

EXECUTIVE SUMMARY

--GS Foods Group: A Highly Reputable, B-Rated Industrial Tenant With Distribution Centers in 10 States
--Brand New Lease: GS Foods Group Recently Signed a Six-Year Lease with 3% Annual Increases
--Strong Corporate Guarantee: Backed by a Tenant with Over $1.5 Billion in Annual Revenue
--High Credit Tenant
-Market Leadership: GS Foods Encompasses a Family of the Nation’s Largest School Nutrition Providers to Provide Meals for 8.7 Million Students Per Day
-E-Commerce & Recession-Resilient: GS Foods Business Model Is Well-Suited to Thrive in Various Economic Conditions
-Mission-Critical Location with Truck Repair Facilities On-Site
-State-of-the-Art Solar Panels Covering the Roof Decrease the Cost of Power for Tenant
--Strong Real Estate Fundamentals
-Cold Storage Space: Rare Opportunity to Acquire Cold Storage Warehouse with 16,800 SF of Freezer Space and 2,100 SF of Refrigerated Space
-Highly Desirable Site: The Property Boasts a Large 3.8-Acre Lot, a Key Feature in Today’s Market
-Prime Location: Strategically Positioned Off the State Route 99, Allowing for Easy Access for Delivery Trucks
-Quality Construction: Concrete Tilt-Up with 7 Loading Docks and 2 Drive-In Doors
-Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market

PROPERTY FACTS

Price $10,060,000
Price Per SF $189.85
Sale Type Investment NNN
Cap Rate 6.50%
Property Type Industrial
Property Subtype
Food Processing
  • Industrial Refrigeration ColdStorage
  • Industrial Warehouse
Building Class C
Lot Size 3.78 AC
Rentable Building Area 52,989 SF
No. Stories 1
Year Built 2004
Tenancy Single
No. Drive In / Grade-Level Doors 2
Zoning M2

AMENITIES

  • Fenced Lot

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
040-400-050-000
Land Assessment
$586,041
Improvements Assessment
$2,829,010
Total Assessment
$3,415,051
  • Listing ID: 38743405

  • Date on Market: 12/11/2025

  • Last Updated:

  • Address: 435 Southgate Ct, Chico, CA 95928

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