$3,100,000
FOR SALEActive1370 Ridgewood Drive
Chico CA 95973
23,525
SF
Office
Type
1985
Built
$132/SF
Cost/SF
Listing Agent
Michael Donnelly
Listing Agent
DRE #: 01429436
(530) 828-0011Brokerage: Commercial Brokers of California
Brian Littrell
DRE #: 01350075
Brokerage: Commercial Brokers of California
Location Analysis
About This Property
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.
Property Information
Property Overview
Commercial - Office
Property Type
Active
Status
OMU
Zoning
3.4 acres
Lot Size
23,525 SF
Square Footage
$131.77/SF
Price per SF
1,985
Year Built
1
Stories
112
Parking Total
4.76
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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Closed commercial sales reported, newest first.