Property Details
About this Property
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.
MLS Listing Information
MLS #
ME224123892
MLS Source
MetroList Services, Inc.
Days on Site
45
Commercial Information
# Buildings / # Units
1
Parking Spaces
0
Present Use
Office
Utilities
Other
Interior Features
Flooring
Other
Cooling
Varies by Unit
Heating
Varies by Unit
Exterior Features
Roof
Metal
Parking, School, and Other Information
Water
Other
Zoning
airport commercial
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
900 Fortress St is a Commercial Sale in Chico, CA 95973. This 27,760 square foot property sits on a 2.13 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,000,000 and was built in –. This address can also be written as 900 Fortress St, Chico, CA 95973.
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This listing information is up-to-date as of November 07, 2024. For the most current information, please contact Marc Guillon, (916) 659-8277
