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    994 E 20th Street

    Chico, CA 95928
    • $1,950,000
    • STATUS: Active
    • ON SITE: 159 days
    • ID#: SN20026171
    UPDATED: 156 min ago
    $1,950,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,448
      SQFT
    • $91
      $/SQFT
    Type:
    Commercial
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Unique opportunity to invest in a NNN property with a tenant of 30 years who intends to stay long term. Tenant has been very steady with dependable sales and has seen an increase in business during unstable times. 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T00:27:22.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/102953680
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    994 E 20th Street Chico, CA 95928

    • Price: $1,950,000
    • Status: Active
    • Updated: 156 min ago
    • ID#: SN20026171
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    21,448
    SQFT
    $91
    $/SQFT
    1990
    Built
    County:
    Butte
    Property Description
    Unique opportunity to invest in a NNN property with a tenant of 30 years who intends to stay long term. Tenant has been very steady with dependable sales and has seen an increase in business during unstable times. 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.
    Exterior Features

    Construction Materials SteelSteel Siding Lot Features Level With StreetRectangular LotLevelSprinkler SystemSprinklers Drip SystemSprinklers Timer Lot Size Source Assessor Lot Size Units Square Feet Parking Total 34.00 Roof Metal

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating CentralNatural Gas Heating YN Yes Laundry Features None Office Square Footage 4000

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class IndustrialOffice Building Area Units Square Feet Building Status Existing Business Type DistributionWarehouseWholesale Cap Rate 5.60 Country Us Gross Scheduled Income 108840.00 Industrial Type Warehouse/DistributionWarehouse/Office Investment Property YN Yes Land Use IndustrialOfficeOtherRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 108840.00 Number Of Units Leased 1 Operating Expense 0.00 Property Sub Type Warehouse Security Features Fire Sprinkler System Special Listing Conditions Standard Sprinklers YN Yes Total Monthly Rent 8867 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Year Built Source Assessor

    Listing provided courtesy of Shane Collins of Re/Max Of Chico and Kristin Wilson Ford of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T00:27:22.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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