1370 Ridgewood Drive,Chico, CA 95973
Chico, CA 95973
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 6.94% 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: Government and private-sector tenancy. Long-term, stabilized income stream. Beautiful grounds and professional landscaping. 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.
Details
| MLS # | SN26137659 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 66 |
| Listing Provided By | Commercial Brokers of California | Michael Donnelly |
Features
| SQ Feet | 23,525 |
|---|---|
| Story(s) | 1 |
| Building(s) | 3 |
| Zoning | OMU |
| Acreage | 3.40 |
Interior
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Lot Features | Landscaped, Street Level |
|---|
Area Information
| State | CA |
|---|---|
| County | Butte |
| City | Chico |
| Zip Code | 95973 |
| Listing VS Median (in 95973) | |
Price: $3,100,000 low | high Med: $5,263 sqft: 23,525 low | high Med: 6,167 $ / sqft: $132 low | high Med: $1 On site: 66 low | high Med: 109 | |
Market Activity 95973
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Learn More About This Property
| State | CA |
|---|---|
| County | Butte |
| City | Chico |
| Zip Code | 95973 |
| Listing VS Median (in 95973) | |
Price: $3,100,000 low | high Med: $5,263 sqft: 23,525 low | high Med: 6,167 $ / sqft: $132 low | high Med: $1 On site: 66 low | high Med: 109 | |