422 Otterson Dr Chico, CA 95928-8206

Property Details for 422 Otterson Dr

Year built

1991

Construction

TILT-UP CONCRETE

Lot size

2.17 lot acres

Property size

37,980 SF

Property type

Warehouses

APN

039-620-009-000

APU

39620009000

Description

This exceptional investment opportunity presents a modern 37,200-square-foot concrete tilt-up warehouse situated in Chico, California's desirable Hegan Lane Industrial Park. The property boasts a long-term lease with a reputable national tenant in the door machinery manufacturing industry, providing a strong and attractive net income return. The building features a newer roof (approximately 10 years old) and is fully powered by solar energy, adding significant value. Access is provided by eight roll-up doors: four dock-high doors (10 feet high) and four grade-level doors (two at 10 feet and two at 14 feet high). The warehouse offers a 23-foot ceiling height and includes two-story conditioned modular offices in the front, complete with break rooms and a conference room, as well as additional conditioned offices at the rear. The tenant is responsible for all operating expenses except insurance, making this a truly attractive NNN investment. Located at 422 Otterson Drive, Chico, CA 95928, this property represents a rare chance to acquire a high-performing industrial asset in a prime location. The tenant is a major national company with a long history and multiple facilities across the country.

Location Insight

City

Chico

County

Butte

State

California

Longitude

-121.821

Latitude

39.7088

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments