435 Southgate Ct - Food Processing FOR SALE


Chico, CA 95928
$10,060,000 USD
949-350-5431
435 Southgate Ct, Chico, CA for Sale
$10,060,000 USD
Food Processing - FOR SALE
1/7
null | 6.5% Cap Rate

435 Southgate Ct
Chico, CA 95928


HIGHLIGHTS

  • GS Foods Group: A Highly Reputable, B-Rated Industrial Tenant With Distribution Centers in 10 States
  • Brand New Lease: GS Foods Group Recently Signed a Six-Year Lease with 3% Annual Increases
  • Strong Corporate Guarantee: Backed by a Tenant with Over $1.5 Billion in Annual Revenue

OVERVIEW

--GS Foods Group: A Highly Reputable, B-Rated Industrial Tenant With Distribution Centers in 10 States --Brand New Lease: GS Foods Group Recently Signed a Six-Year Lease with 3% Annual Increases --Strong Corporate Guarantee: Backed by a Tenant with Over $1.5 Billion in Annual Revenue --High Credit Tenant -Market Leadership: GS Foods Encompasses a Family of the Nation’s Largest School Nutrition Providers to Provide Meals for 8.7 Million Students Per Day -E-Commerce & Recession-Resilient: GS Foods Business Model Is Well-Suited to Thrive in Various Economic Conditions -Mission-Critical Location with Truck Repair Facilities On-Site -State-of-the-Art Solar Panels Covering the Roof Decrease the Cost of Power for Tenant --Strong Real Estate Fundamentals -Cold Storage Space: Rare Opportunity to Acquire Cold Storage Warehouse with 16,800 SF of Freezer Space and 2,100 SF of Refrigerated Space -Highly Desirable Site: The Property Boasts a Large 3.8-Acre Lot, a Key Feature in Today’s Market -Prime Location: Strategically Positioned Off the State Route 99, Allowing for Easy Access for Delivery Trucks -Quality Construction: Concrete Tilt-Up with 7 Loading Docks and 2 Drive-In Doors -Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market

FOR SALE DETAILS

PRICE

$10,060,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gold Star Foods Group | Near CSU Chico/99 Fwy

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

ADD'L SUBTYPES

Refrigeration/Cold Storage, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.78

LAND SF

164,656

ZONING

M2

APN/PARCEL ID

040-400-050-000

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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