This
building is fully leased with a lease rate to increase by $29,000
upon new USDA lease, increasing CAP rate to 8.1
Building is located on
land leased from the City of Oroville on lease at $0 then three
(3) options to renew for fifteen (15) years each. Purchase
option available once FAA approveal of release of land for sale.
Appraisal of land is $.68
per foot, 5.55 acres development land, all utilities to the site.
This property is adjacent to the Cleantech Innovation Center experiencing
increased demand for space.
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