For more information regarding the value of a property, please contact us for a free consultation.
2804 Burnap AVE Chico, CA 95973
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,560,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223102586
Year Built 1976
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
Area 12547
Interior
Heating No Heat
Cooling None
Flooring Concrete
Exterior
Garage Fenced, See Remarks
Utilities Available None
Roof Type Metal
Building
Lot Description Low Maintenance, Corner, Curb(s), Curbs/Gutters, Sidewalk, Sidewalk/Curb/Gutter
Sewer None
Water Meter Available, Meter Required
Others
Special Listing Condition None
Read Less
Bought with Discovery Realty Inc.