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$ 3,100,000
Est. payment /mo
New
1370 Ridgewood DR Chico, CA 95973
3.4 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN26137659
HOA Y/N No
Year Built 1985
Lot Size 3.400 Acres
Property Sub-Type Office
Property Description
This is the definition of a "Trophy Investment"! Ridgewood Plaza presents a rare opportunity to acquire a premier, fully leased “government anchored” office investment property in one of Chico's most established professional business neighborhoods. This immaculate and well-maintained asset offers investors a secure, stabilized income stream with a strong 7.07% Cap rate. Sleep well at night knowing you have an exceptional mix of long-term government and private-sector tenants. The property consists of three quality office buildings totaling approximately 23,525 square feet, situated on beautifully landscaped grounds with 112 on-site parking spaces. Zoned Office Mixed Use (OMU). This mature, stabilized investment is designed to provide dependable returns and peace of mind for ownership. Ridgewood Plaza is surrounded by respected professional businesses and organizations, including Chico Unified School District, Oak Bridge Academy, U.S. Social Security Administration, Morrison & Company, Victor Treatment Centers, Five Star Bank, CalNorthern School of Law, the Internal Revenue Service (IRS), and InterWest Insurance. Property Highlights: Fully leased investment. Strong 7.07% cap rate. Three buildings totaling 23,525± SF. Four diversified tenants. Government and private-sector tenancy. Long-term, stabilized income stream. Office Mixed Use zoning. Beautiful grounds and professional landscaping. 112 on-site parking spaces. Located in Chico's premier commercial office corridor. Ridgewood Plaza represents a high-quality, secure investment opportunity with strong in-place cash flow, excellent tenant retention, and long-term upside in one of Northern California's most desirable office markets.
Location
State CA
County Butte
Interior
Heating Central
Fireplace No
Laundry None
Building
Lot Description Landscaped, Street Level
Story 1
Water Public
Others
Tax ID 015020016000
Special Listing Condition Standard
Listed by Michael Donnelly Commercial Brokers of California 530-828-0011, DRE #01429436
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