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  • Sold
  • Closed
  • Industrial
  • 15,540 Sq. Ft.
  • 0.98 Acres
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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.

Full Property Details for 2701 2804 Burnap Ave

General

  • Status: Closed
  • Type: Industrial
  • Source: MRMLS
  • MLS ID: SN23195930
  • Added to Site: 889 day(s) ago

Business

  • Business Type: Storage

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Security/Safety: Security Lights

Location

  • County: Butte
  • Driving Directions: From Hwy 99 in Chico, Exit 387 B onto East Ave, L on El Paso Way, R on E Lassen Ave to Burnap Ave.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Structural Information

  • Construction: Metal Siding, Stucco
  • Roof: Metal
  • Entry Floor Number: 1
  • Stories/Levels: 1
  • Building Size: 15540
  • Square Feet: 15,540
  • Year Built: 1979
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.98
  • Useable Acres: .98
  • Lot Size (Sq. Ft.): 42,688
  • Lot Size Source: Public Records
  • Fence: Yes
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft, Level
  • Lot Description: Corner Lot, Lot 10000-19999 Sqft, Level
  • Fencing (Description): Security

Financial Considerations

  • Price Per Sq. Ft.: $100

Disclosures and Reports

  • Investment: Yes
  • Property ID: 7570032000

Listed by Helm Properties, DerekSandgren

Listing agent

— 2701 2804 Burnap Ave —

  • DerekSandgren

    Helm Properties

530-844-0505

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2701 2804 Burnap Ave

School District:Chico Unified School District
NameGradesDistance
Mcmanus (John A.) Elementary School
988 E. Ave., Chico, CA 95926
K-50.9 mi
Bidwell Junior High School
2376 North Avenue, Chico, CA 95926
6-81.1 mi
Pleasant Valley High School
1475 East Avenue, Chico, CA 95926
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2701 2804 Burnap Ave

Date
Details
Price
Change
Source
12/04/2023
Price Reduced
$1,695,000
—
MLS
10/20/2023
Sold
$1,695,000
-13.08%
MLS
10/20/2023
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Helm Properties, DerekSandgren

2701 2804 Burnap Avenue, Chico, CA 95973 (MLS# SN23195930) is a Industrial property that was sold on October 20, 2023. Want to learn more about 2701 2804 Burnap Avenue? Do you have questions about finding other Industrial real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.