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$1,900,000
994 E 20th Street
Chico, CA 95928
Size21448 Sq Ft ($88.59/ Sq Ft)
Year Built1990
Listing TypeCommercial Sale
Property TypeWarehouse
MLS Listing IDSN19183986
Published Date8/1/2019 73 days ago
Listing Modified8/7/2019 4:15:00 PM 67 days ago
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!
From 99, West on E. 20th St. Property is on your right, just accross from Brewery
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