Chico, CA 95928,435 Otterson DR
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Chico, CA 95928,435 Otterson DR
Chico, CA 95928,435 Otterson DR
Chico, CA 95928,435 Otterson DR
Chico, CA 95928,435 Otterson DR

$3,450,000

Est. payment /mo

$3,995,000

13.6%
Est.Price: ?

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435 Otterson DR Chico, CA 95928

5.86 Acres Lot

SOLD DATE : 06/13/2025

Key Details

Sold Price $3,450,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN25010784

Sold Date 06/13/25

HOA Y/N No

Year Built 2000

Lot Size 5.860 Acres

Property Sub-Type Industrial

Property Description

Exceptional opportunity to acquire a versatile industrial manufacturing property located within the most desirable planned industrial park in Chico, CA. This expansive facility, built in 2000, is ideal for businesses seeking a strategic location coupled with modern infrastructure and ample space for growth. The property spans 5.86 acres (255,262 SF) and features a substantial 49,352 SF of gross floor area, including approximately 8,300 SF of improved HQ/front office space and an additional 8,300 SF of semi-improved mezzanine space suitable for office infill. The balance of the building is approximately 41,000 SF of conditioned warehouse/manufacturing floor split up into one large area and three smaller areas accessed by interior roll up and sliding doors. This robust facility boasts a concrete tilt-up envelope with a joist to glue-lam roof system, interior steel support columns spaced at 25' x 50', and a 6” concrete slab. Zoned ML (Light Manufacturing), the property offers a wide range of permissible uses and is fully serviced with essential city utilities as well as fiberoptic cable data service. The property features dual recessed truck docks with multi-trailer recessed parking and storage capabilities. The fenced and paved storage yard spans approximately 40,000 SF, providing secure storage and operational space. The entire facility is protected with a fire suppression sprinkler system, and the conditioned manufacturing area is equipped with two air-cooled chiller units and an additional Ice Based Thermal Storage cooling unit to manage conditioning during peak utility times. There are nine roof-mounted package HVAC units servicing the office areas and three demised warehouse areas, ensuring climate control throughout the facility. The semi-improved mezzanine area above the existing office build-out offers potential for future office expansion, accessible via two existing stairwells and featuring existing exterior windows that allow natural light to flood the space. The mezzanine space is versatile and can be customized to suit various office configurations or additional storage needs. Located conveniently near major highways, 435 Otterson Drive is easily accessible for transportation and logistics. The property is just minutes away from Highways 99 and 32, providing direct access to Sacramento to the south and Redding to the north. This versatile property is offered at approximately 50% of replacement value and at $80/SF is priced to sell.

Location

State CA

County Butte

Interior

Fireplace No

Laundry None

Exterior

Present Use Commercial

Building

Lot Description Level, Near Public Transit

Story 2

Water Public

Others

Tax ID 039620012000

Financing Cash

Special Listing Condition Notice Of Default

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California Regional MLS (CRMLS)
Listed by Brandon Harris • Harris Commercial Real Estate • 530-828-9289
Bought with Brandon Harris • Harris Commercial Real Estate
agent

Paul Young

Agent | H01433615

+1(949) 388-6888

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