994 E 20th St
Chico, CA 95928
Industrial Property For Sale
Investment Highlights
- Long Term Tenant
- Steel building in excellent condition
- Excellent Location with High Traffic counts, easy freeway access
Property Facts
| Property Type | Industrial | Year Built | 1990 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 0.84 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 21,448 SF | No. Drive In / Grade-Level Doors | 3 |
| No. Stories | 2 | ||
| Zoning | ML - Light Manufacturing | ||
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 0.84 AC |
| Rentable Building Area | 21,448 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 1.59/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | ML - Light Manufacturing |
Amenities
- Cooler
- Fenced Lot
- Mezzanine
- Security System
- Signage
- Monument Signage
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
About 994 E 20TH ST , CHICO, CA 95928
Unique opportunity to invest in a NNN property with a tenant of 30 years who intends to stay long term. As an essential business, the tenant is not experiencing loss of business due to the Shelter in Place Orders. This hands off investment has a cap rate of 5.6% with annual CPI adjustments. Conveniently located in a high traffic, commercial area directly across the street from the Chico landmark, Sierra Nevada Brewery. This property has been meticulously maintained. New roof coating in 2017 (with 18 year warranty), and new perimeter fencing recently installed. The 21,448 sq ft metal building features 4,000 sq ft of conditioned office/retail space, 3 restrooms and 3 roll-up doors in the warehouse area. The property is gated and fully fenced. Do not disturb business/tenants, call for more information.
Property Taxes
| Parcel Number | 005-422-021-000 | Improvements Assessment | $631,282 |
| Land Assessment | $172,633 | Total Assessment | $803,915 |
Property Taxes
