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Gold Star Foods Group | Near CSU Chico/99 Fwy 435 Southgate Ct 52,989 SF Industrial Building Chico, CA 95928 $9,560,000 ($180.41/SF) 6.84% Cap Rate
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
--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
Amenities
- Fenced Lot
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Property Taxes
| Parcel Number | 040-400-050-000 | Improvements Assessment | $2,829,010 |
| Land Assessment | $586,041 | Total Assessment | $3,415,051 |
Property Taxes
Parcel Number
040-400-050-000
Land Assessment
$586,041
Improvements Assessment
$2,829,010
Total Assessment
$3,415,051
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Gold Star Foods Group | Near CSU Chico/99 Fwy | 435 Southgate Ct
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