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Fortress Street, Chico, CA 95973
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$2,800,000
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Home Details for 900 Fortress Street
Price
$2,800,000
Type
Commercial/Industrial
Year Build
1999
Sq. Ft.
27760
Lot Size
2.13
County
Butte
MLS®️ Listing#
224123892
On exitrealty.com
317 days
Property Description
900 Fortress Street in Chico, CA consists of 27,760 square feet. The subject property is a three-tenant office building situated on 2.13 acres and conveniently located in the Chico Airport Industrial Park. The subject property was expertly built in 1999 and now being sold by the original developer. The tenant mix includes Clockshark (www.clockshark.com) who occupies 9,200 sqft, Able Kids who just signed a new 5 year lease in October 2024 for 10,200 sqft (www.ablekidsco.com), and one vacant suite of approximately 8,200 sqft. The improvements are built on slab foundation with stucco exterior and a metal roof. Fiber optic is also available at the property, which also benefits from a back-up generator. Each suite has package HVAC units while the vacant space has two newer mini-split systems. In-place income generates a 6.9% cap rate with the opportunity for a new owner to lease the 8,200 sqft space to realistically achieve a 10.52% cap rate.
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Listing Courtesy: Gravitas Commercial Real Estate - 916-625-6102. Presented by: Marc Guillon
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$2,800,000
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EXIT CAPITAL REALTY
2100 Watt Ave Suite #140, Sacramento, CA 95825
CA DRE# 02236377. Sam Samadi Broker (CA DRE# 01520140. Kris Klair Broker)