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.
|Listing Agent||Michael Donnelly|
|Listing Office||Coldwell Banker C&C Properties|
Listed by Michael Donnelly of Coldwell Banker C&C Properties. Listing data last updated 7/26/2021 at 2:31 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/1/2021 5:26 PM. 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. 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, 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.
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