Homes for sale - 900 Fortress ST, Chico, CA 95973

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Eva Tagore

eva@evatagorerealestate.com +1(916) 205-5598

$ 2,800,000

Est. payment | -/mo

2.13 Acres Lot

Save

$ 2,800,000

Est. payment | -/mo

Save

2.13 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224123892

HOA Y/N No

Year Built 1999

Lot Size 2.130 Acres

Acres 2.13

Property Sub-Type Office

Source MLS Metrolist

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.

Location

State CA

County Butte

Area 12550

Direction cohasset to chico airport

Location Details Airport Nearby,Professional Complex

Interior

Heating Varies by Unit

Cooling Varies by Unit

Flooring Other

Exterior

Parking Features Open

Utilities Available Other

Water Access Desc Other

Roof Type Metal

Building

Sewer Sewer Connected

Water Other

Others

Senior Community No

Tax ID 047-560-082

Special Listing Condition None

Listed by Gravitas Commercial Real Estate

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(916) 205-5598

eva@evatagorerealestate.com

10923 Progress Ct, Ste. 41, Cordova, CA, 95741, United States

900 Fortress ST Chico, CA 95973