Active
900 Fortress Street
Chico CA, 95973
$3,000,000
$108.07 per sqft
Active
27,760 sqft
Commercial
Built in 1999
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.
224123892
MLSⓇ ID
November 7, 2024
Listed
November 22, 2024
Updated
Map
900 Fortress Street
Chico CA, 95973
Interior Features
Interior Features
Other
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Varies by Unit
Heating
Yes
Heating Description
Varies by Unit
Exterior/Building Features
Lot Size
2.13 Acres
Roof
Metal
Other Property Details
Garage
No
Parking
Open
View
No
County
Butte
Water Source
Other
Pool
No
Zoning
airport commercial
Courtesy of Gravitas Commercial Real Estate, Marc Guillon,
Listing Contact:
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