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2701 Burnap Avenue, Chico, CA 95973
$1,560,000
2701 Burnap Avenue, Chico, CA 95973View this property at 2701 Burnap Avenue, Chico, CA 95973
2701 Burnap AvenueChicoCA95973
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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.
Full Property Details
Full Property Details for 2701 Burnap Ave
General
- Sold For: $1,560,000
- Status: Closed
- Type: Industrial
- MLS ID: 223102586
- Added to Site: 211 day(s) ago
Business
- Business Type: Storage
Interior
- Flooring: Concrete
Additional Information
- Other Features: Front Sign
Parking
- Parking Features: Fenced, See Remarks
- Parking: Fenced, See Remarks
Location
- Area: 15540
- County: Butte
- Cross Streets: E. Lassen Ave
- 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.
- Location Details: Airport Nearby, Neighborhood
Heating & Cooling
- Cooling Type: None
- Heating Type: No Heat
Structural Information
- Construction: Metal, Stucco, Wood
- Roof: Metal
Lot Features
- Zoning: R2
Financial Considerations
- Terms: 1031 Exchange, Cash, Conventional
- Tenant Pays: None
- Tenant Expense: None
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.50%
Listed by Helm Properties
Sold by Discovery Realty Inc.
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Schools
Schools serving 2701 Burnap Ave
School District:Chico Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
988 East Ave, Chico, CA 95926 | PK-8 | 0.7 mi | |
2376 North Ave, Chico, CA 95926 | 6-8 | 0.9 mi | |
1475 East Ave, Chico, CA 95926 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2701 Burnap Ave
Date
Details
Price
Change
Source
1/19/2024
Sold
$1,560,000
-7.96%
MLS
12/04/2023
Price Reduced
$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.
2701 Burnap Avenue, Chico, CA 95973 (MLS# 223102586) is a Industrial property that was sold at $1,560,000 on January 19, 2024. Want to learn more about 2701 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.