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$3,100,000
12 Days On Site

1370 Ridgewood Drive
Chico, CA95973

For Sale|Office|Active
0
Beds
0
Total Baths
23,525
SqFt
$132
/SqFt
1985
Built
County:
Butte
Listed by Michael Donnelly of Commercial Brokers of California [email protected]
Call Now: 916.218.4500
Is this the listing for you? We can help make it yours.
916.218.4500
1370 Ridgewood Drive1370 Ridgewood Drive1370 Ridgewood Drive1370 Ridgewood Drive
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Monthly Payment (Est.)

$14,143
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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.

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Listing Snapshot
Price 
$3,100,000
Days On Site 
12 Days
Bedrooms 
N/A
Inside Area (SqFt) 
23,525 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
3.4 Acres
Year Built 
1985
MLS® Number 
SN26137659
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
3.4
Number Of Stories 
1
Property Sub Type 
Office
Special Circumstances 
Standard
SqFt Total 
23525
Water Source 
Public
Interior Features
Heating 
Central
Laundry Features 
None
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Exterior Features
Lot Features 
Landscaped


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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