Two-Industrial Warehouse
For Sale
$1,900,000
295 Convair, Chico, CA 95973
Two large leased warehouse buildings on one fully fenced parcel with offices, multiple roll-up doors, and abundant parking.
Property Size26,350 SF
Days on Market98
Property Features for 295 Convair
General Information
Standard status
Active
Size
26,350 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
21 ft
Power
600 amps
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
26,350 SF
Year Built
1984
Buildings
2
Listing Agency:
Keller Williams Realty Chico Area
Listed By:
Lindsey Ginno · License #01916286
(530) 570-5261
Source:
Homesbyupside
Added: Jul 27
Changed: Oct 31
Last Checked: Oct 30 at 10:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Chico Area
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Investment Insights
Based on property information with market context.
Two large industrial warehouse buildings sit on one parcel in North Chico near the airport. The property is fully fenced and includes ample on-site parking. Both buildings are currently leased, giving an investor or owner-user the opportunity to operate or reposition industrial space.
Building A offers 15,300 sq. ft. with several offices, a meeting room, break room, restroom, and a private upstairs office with a mezzanine. Offices are equipped with central heat and air. Building A also includes one 10x10 roll-up door, 2 16x18 roll-up doors, and new man doors, along with new LED lighting. Building B totals 11,050 sq. ft. with a small office space and 2 16x18 roll-up doors. Both buildings have a ceiling clearance of 21-feet and are equipped with 600 amp phase 3 power.
The parking lot between the units has recently been coated and sealed. The buildings were built in 1984.
Building A offers 15,300 sq. ft. with several offices, a meeting room, break room, restroom, and a private upstairs office with a mezzanine. Offices are equipped with central heat and air. Building A also includes one 10x10 roll-up door, 2 16x18 roll-up doors, and new man doors, along with new LED lighting. Building B totals 11,050 sq. ft. with a small office space and 2 16x18 roll-up doors. Both buildings have a ceiling clearance of 21-feet and are equipped with 600 amp phase 3 power.
The parking lot between the units has recently been coated and sealed. The buildings were built in 1984.
Key Highlights
- 15,300 sq. ft. Building A with offices, meeting room, break room, restroom, and upstairs private office with mezzanine
- 11,050 sq. ft. Building B with small office space and two 16x18 roll‑up doors
- Ceiling clearance of 21‑feet in both buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,034
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,340,680
$3.3M
Cap Rate 7%
$2,386,200
$2.4M
Cap Rate 9%
$1,855,933
$1.9M
Market Conditions
NOI Build-Up for 26,350 SF
Gross rent
$284.6K $10.80/SF
− Vacancy
−$27.6K −$1.05/SF
EGI
$257.0K $9.75/SF
− OpEx
−$89.9K −$3.41/SF
NOI
$167.0K $6.34/SF
Area
Chico, CA
Vacancy
9.70%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,340,680
Cap Rate 7%
$2,386,200
Cap Rate 9%
$1,855,933
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.07M
NOI $184,451 @ 7.0% cap · market cap 9.71%
Second Best
Flex RnD
$2.39M
$2.09M – $2.78M
NOI $167,034 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$5.32M
$4.66M – $6.21M
NOI $372,418 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
21 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Affordable RV & Vehicle Storage — 1490 Marauder St, Chico, CA 95973
Frequently Asked Questions
What type of property is this?
Warehouse - Two large leased warehouse buildings on one fully fenced parcel with offices, multiple roll-up doors, and abundant parking.
Where is this warehouse located?
The property is located at 295 Convair Chico, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 15,300 sq. ft. Building A with offices, meeting room, break room, restroom, and upstairs private office with mezzanine; 11,050 sq. ft. Building B with small office space and two 16x18 roll‑up doors; Ceiling clearance of 21‑feet in both buildings
