For Sale

900 Fortress Street, Chico, CA 95973

900 Fortress Street, Chico, Butte, CA, 95973
12 months ago
Views: 33

$2,800,000(Negotiable)

Overview

3461740

Type

Office

Parking

Build Year

1999

Purpose

For Sale

About This Listing

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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MetroList CA data Last Updated: February 18, 2025, 7:29 pm

Data Source: SACM