994 E 20th Street

    Chico, CA 95928
    • $1,900,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: SN19183986
    UPDATED: 37 min ago
    $1,900,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,448
      SQFT
    • $89
      $/SQFT
    Type:
    Commercial
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Excellent Investment Opportunity! Established local business has occupied this space for 29 years, and wishes to continue leasing for many years to come! Located across the street from a Chico landmark, Sierra Nevada Brewery, with high traffic counts and easy freeway access. Tenant pays maintenance, taxes and insurance. Rent is currently $8,867 per month - a cap rate of 5.6%. Rent increases annually based on CPI (call agent for details). Metal building was constructed in 1990, metal roof was just re-coated in 2017 with an 18 year warranty. Property features 4,000 sq ft of conditioned office/retail space and 3 restrooms. There are 3 roll-up doors in the warehouse. Property is gated and fence was recently replaced. Do not disturb business/tenants, call for more information!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-23T13:39:00.11. 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 A|G Amaya Group Real Estate. Licensed in the State of California, USA.
    www.amayarealestategroup.com/homes/97554088

    994 E 20th Street Chico, CA 95928

    • Price: $1,900,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: SN19183986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    21,448
    SQFT
    $89
    $/SQFT
    1990
    Built
    County:
    Butte
    Property Description
    Excellent Investment Opportunity! Established local business has occupied this space for 29 years, and wishes to continue leasing for many years to come! Located across the street from a Chico landmark, Sierra Nevada Brewery, with high traffic counts and easy freeway access. Tenant pays maintenance, taxes and insurance. Rent is currently $8,867 per month - a cap rate of 5.6%. Rent increases annually based on CPI (call agent for details). Metal building was constructed in 1990, metal roof was just re-coated in 2017 with an 18 year warranty. Property features 4,000 sq ft of conditioned office/retail space and 3 restrooms. There are 3 roll-up doors in the warehouse. Property is gated and fence was recently replaced. Do not disturb business/tenants, call for more information!
    Exterior Features

    Construction Materials SteelSteel Siding Fence YN Yes Fencing Chain LinkNew ConditionWood Lot Features Sprinkler SystemSprinklers Drip SystemSprinklers Timer Lot Size Source Assessor Lot Size Units Square Feet 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 Building Area Units Square Feet Building Status Existing Business Type DistributionMixedRetailWarehouse Cap Rate 5.60 Country Us Current Use Comments Plumbing Supply Distribution Gross Scheduled Income 106404.00 Industrial Type Warehouse/DistributionWarehouse/Office Land Use IndustrialOfficeOtherRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 1 Property Sub Type Warehouse Security Features Fire Sprinkler System Special Listing Conditions StandardTrust Sprinklers YN Yes Utilities Natural 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 Re/Max Of Chico


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-23T13:39:00.11. 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 A|G Amaya Group Real Estate. Licensed in the State of California, USA.
     
    A|G Amaya Group Real Estate
    27150 Eucalyptus Ave., Suite A
    Moreno Valley CA, 92555