Feather River Ranger District Forest Service 865 Mitchell Ave Bureau 2 301 m² 100 % Loué À vendre Oroville, CA 95965 4 344 693 € (1 887,78 €/m²) Taux de capitalisation 8,37 %

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 865-875 Mitchell Avenue in Oroville, CA (“The Property”). The Property is located 23 miles south of Chico and 70 miles north of Sacramento in the City of Oroville, California (County seat for Butte County). The property has benefited from strong historical occupancy from two investment grade tenants.

The offering is comprised of two (2) single-story buildings totaling approximately 21,353 square feet in addition to two (2) shop buildings of approximately 3,420 square feet. The property is fully leased to The United States Forest Service (USFS) and Butte County, who have occupied the project (uninterrupted) since approximately 1980 and 1985 respectively. The weighted average lease term (WALT) for the project is 14.9 years providing stable passive cash-flow. The buildings were constructed in various stages between 1973 and 1980 and have been meticulously maintained over the duration of the ownership. More recently, a rooftop solar array was installed, helping to offset electricity cost. The property boasts an above average parking ratio of 8.7 per 1,000 giving it a competitive advantage over similar properties. This additional parking allows the USFS to store the numerous trucks and equipment needed to serve the 1.1 million acres of the Plumas National Forest.

The offering presents a truly rare opportunity to own a well maintained, passive leased investment in the County seat of Butte County