1264 99 Hwy - Self-Storage Facilities FOR SALE


Gridley, CA 95948
$3,500,000 USD
916-337-4856
1264 99 Hwy, Gridley, CA for Sale
$3,500,000 USD
Self-Storage Facilities - FOR SALE
1/16
null | 6.37% Cap Rate

1264 99 Hwy
Gridley, CA 95948


HIGHLIGHTS

  • Expansion opportunity at Gridley and Biggs
  • Open parking available
  • 2 rental homes on the Biggs site
  • Stable income with a history of strong occupancy - 81% economic occupancy

OVERVIEW

3 property self-storage portfolio. 1. 1264 CA-99, Gridley, CA - 18,063 NRSF 2. 2687 Highway 99, Biggs, CA - 14,048 NRSF 3. 5100 Clark Road, Paradise, CA - 11,500 NRSF. Stable investment with upside • Overall, the properties are running at 18.6% economic vacancy. Physical vacancy is running close to 25%. We anticipate as the economy improves, rents and occupancy will rise to a standard 10% economic vacancy. If 90% economic occupancy is achieved at the current rent levels, the portfolio will generate a 8.53% CAP rate at the list price of $3,500,000. • Both the Gridley and Biggs properties feature ample room for expansion. • Management of the properties is currently ran out of the Gridley location with remote help at each of the other two properties. Many leases are executed digitally which alleviates the workload at the individual property • The Biggs location offers two apartment units - a manufactured home and a standalone single family home. This offers an investor diversity of investment. • Butte County Nestled in Northern California, offers a diverse real estate landscape that spans urban, suburban, and rural settings. From the bustling college town of Chico to the scenic foothills of Paradise and the historic charm of Oroville, the county presents opportunities for homeowners, investors, and developers alike. Residential Real Estate Chico: The largest city in the county, Chico features a mix of single-family homes, townhouses, and student housing. Popular neighborhoods include California Park, Nob Hill, and The Avenues. Paradise: Rebuilding efforts post-Camp Fire have led to new construction and revitalized housing options. Buyers can find modern homes with fireresistant features and updated infrastructure. Gridley & Biggs: Smaller towns with a rural feel, ideal for buyers seeking quiet living and larger lots. • Butte County (continued) Commercial & Investment Properties Chico and Oroville host a variety of office, retail, and mixed-use spaces. Paradise presents unique opportunities for redevelopment and new commercial ventures. Vacant land is available throughout the county for agricultural, residential, or commercial development. Land & Rural Properties Butte County’s rural areas offer agricultural land, ranches, and large parcels for custom home building. Zoning varies widely, so buyers should consult local planning departments for development potential. Market Trends Home prices in Chico and Paradise have seen moderate appreciation due to demand and rebuilding efforts. Oroville remains one of the most affordable markets in the region. Inventory is relatively tight, with new construction helping to meet demand in select areas.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Butte County Storage Portfolio (3 properties)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.01 AC

LAND SF

348,916 SF

ZONING

COM

APN/PARCEL ID

024-270-039-000, -017-000, 0-22-190-054+

ASK ABOUT THIS PROPERTY

Bobby LoefflerThe Loeffler Self-Storage GroupMore Info
916-337-4856

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Bobby LoefflerThe Loeffler Self-Storage GroupMore Info
916-337-4856

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.