Chico, CA 95973,2701 2804 Burnap AVE
Chico, CA 95973,2701 2804 Burnap AVE
Chico, CA 95973,2701 2804 Burnap AVE
Chico, CA 95973,2701 2804 Burnap AVE
Chico, CA 95973,2701 2804 Burnap AVE
Chico, CA 95973,2701 2804 Burnap AVE
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$1,560,000

$1,695,000

8.0%
Est.Price: ?

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Est. payment /mo

0.98 Acres Lot


SOLD DATE : 01/19/2024

Key Details

Sold Price $1,560,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN23195930

Sold Date 01/19/24

HOA Y/N No

Year Built 1979

Lot Size 0.980 Acres

Property Description

Excellent investment opportunity to own a Self Storage property in Chico. George’s Mini Storage is comprised of two locations, totaling 118 units. Located at the busy intersection of E. Lassen Ave and Burnap Ave, these properties offer an ideal location for high visibility and opportunity to service the surrounding multifamily occupants. The Seller just completed recent exterior improvements including new exterior paint, underground site drains, rod iron fencing, access gates, ballards and slurry seal. The property is in excellent condition and requires very low maintenance. Rents are currently below market value. The new owner can capitalize on recent property improvements to increase rents to market value and increase occupancy to quickly achieve an +/- 8% CAP. This is an excellent investment for someone looking to start out in self-storage, or a seasoned operator looking to add to their portfolio.

Location

State CA

County Butte

Zoning R2

Interior

Heating None

Cooling None

Fireplace No

Laundry None

Exterior

Fence Security

Utilities Available Water Not Available

Roof Type Metal

Building

Lot Description Corner Lot, Level

Story 1

Water None

Others

Tax ID 007570032000

Security Features Security Lights

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Derek Sandgren • Helm Properties • 530-844-0505
Bought with Daisy Finazzo • Discovery Homes
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