994 E 20th Street, Chico, CA 95928

$1,900,000
21,448
SqFt
List Price
$1,900,000
Status
ACTIVE
MLS#
SN19183986
Year Built
1990
Living Sq. Ft
21,448
Days on Market
22
Property Type
Commercial
Property Sub Type
Warehouse

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!

Additional Information

Lot Description
Fire Sprinkler System
Heat
Central, Natural Gas
Cooling
Yes
Cooling Description
Central Air
Roof
Metal
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Shane Collins from Re/Max of Chico

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.