2701-2804 Burnap Avenue, Chico, CA

$1,695,000

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15,540

Square feet

0.98

Acres

About 2701-2804 Burnap Avenue

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.

Features of 2701-2804 Burnap Avenue

MLS® # 223102586
Price $1,695,000
Square Footage 15,540
Acres 0.98
Year Built 1976
Type Commercial
Sub-Type Industrial
Status Pending

Community Information

Address 2701-2804 Burnap Avenue
City Chico
County Butte
State CA
Zip Code 95973

Amenities

Utilities None
Features Front Sign

Interior

Heating No Heat
Cooling None
Has Basement No

Exterior

Lot Description Low Maintenance, Corner, Curb(s), Curbs/Gutters, Sidewalk, Sidewalk/Curb/Gutter

School Information

Attendance Zone BIDWELL JUNIOR HIGH SCHOOL, JOHN A. MCMANUS ELEMENTARY SCHOOL, PLEASANT VALLEY HIGH SCHOOL

Additional Information

Zoning R2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHelm Properties

Listing Map

Listing Schools/Amenities

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