2701 Burnap Avenue

Chico, CA 95973

$1,560,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $100 / sqft

1979

calendar_month Built

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.

Listing Information

Close Price $1,560,000
Close Date Friday, January 19th, 2024
Status Closed
MLS SN23195930
Type Commercial
Subtype Industrial
Year Built 1979
Lot Size N/A
Structure Size N/A
DOM 68
Courtesy Of Helm Properties
Listing Agent Derek Sandgren DRE#01421584

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Derek Sandgren, Helm Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 19th, 2024 at 3:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.