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!
Listing courtesy of Shane Collins from Re/Max of Chico
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