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$3,100,000

FOR SALEActive

1370 Ridgewood Drive

Chico CA 95973

23,525

SF

Office

Type

1985

Built

$132/SF

Cost/SF

135 days on marketNalren refreshed

Listing Agent

Michael Donnelly

Listing Agent

DRE #: 01429436

(530) 828-0011

Brokerage: Commercial Brokers of California

Brian Littrell

DRE #: 01350075

Brokerage: Commercial Brokers of California

Location Analysis

MapProperty Location

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

Map

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