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For Sale

$3,975,000

1750 Humboldt Road (CS)
Chico, CA 95928

Once in a generation investment opportunity. For the first time ever, The Hignell Companies flagship corporate headquarters is being offered for sale as a safe and secure long term income property. The Hignell Companies themselves are NOT FOR SALE, and will remain as the highest caliber tenant, continuing the Hignell legacy of providing property management and development services that helped build the City of Chico over more than seven decades. With a long-term lease in place, this is without a doubt, one of the finest commercial income properties to come on the market. The offering consists of two Class A office buildings totaling approximately 13,665 sq. ft. and a 6,880 sq. ft. shop building (with about 840 sq. ft of additional office), positioned in a park like campus setting at one of Chico s most central and desirable locations. Total of 20,545 6% Cap Rate. Please do not disturb Tenant. Tour of the premises will only be available upon receipt of an offer to purchase from a qualified investor. Read More

Market Status
Available
Last Updated
June 22, 2021

Property Type
Commercial Property
Year Built
2003
Property Type
Commercial; Commercial-Other

Local Market Conditions

There are currently 138 properties for sale in the Chico, CA area with the average listing price of $668,552. This represents an increase of +2.1% over the previous week. The 2 bedroom homes saw the largest increase in the average listing price over the previous week with a +4.1% increase. To learn more about the Chico, CA area, contact a local expert!

Market Snapshot for Chico, CA

Avg. Listing Price

$668,552

Wk ending Jun 19

$+13,590

+2.1%

w-o-w

138

438

196

33

30

21

Average Listing Price for Chico, CA
No. BedroomsNo. Beds Week Ending
(Jun 19)
w-o-w Week Ending
(Jun 12)
Week Ending
(Jun 5)
Week Ending
(May 29)
All PropertiesAll $668,552 +2.1% $654,962 $635,801 $642,411
1 bedroom1 BR $564,500 +0.0% $564,500 $465,000 $465,000
2 bedrooms2 BR $367,545 +4.1% $353,200 $321,733 $338,100
3 bedrooms3 BR $579,266 +2.7% $564,179 $562,165 $545,029
4 bedrooms4 BR $817,539 -5.7% $867,286 $816,581 $847,429

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Listing Provided By:

Michael Donnelly

Phone
This $3,975,000 Commercial Property at 1750 Humboldt Road (CS) in Chico, CA is presented by Michael Donnelly. This $3,975,000 Commercial Property, located in the 95928 zip code, has the following property features: Property Type. This 1750 Humboldt Road (CS) Commercial Property is listed under MLS listing number SN21093427 and has a listing price of $3,975,000. You can find more Chico homes for sale here.

Data Provided by Coldwell Banker

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