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Chico Multifamily Goes for $266K Per Unit
Coldwell Banker Commercial C&C Properties completed the $8-million sale of Avery Oaks Apartments, a 30-unit new construction apartment complex located at 1991 Humboldt Ave. in Chico. Carrie Tatreau and Kelsey Watt brokered both sides of the deal, representing the seller, Chuck Tatreau Construction Inc., and the undisclosed seller.
“We are thrilled to announce the successful completion of this well designed project,” said Tatreau. “Our collaboration with local partners and the swift lease-up process underscore our commitment to delivering exceptional real estate solutions.”
Coldwell Banker Commercial C&C Properties was involved in the original property acquisition and worked with a local developer to modify a design that incorporated private backyards, pet-friendly design and upgraded finishes built by a local Chico developer. Tatreau and Watt worked to bring the occupancy rate to 95% in just five months, and sold the property at $266,000 per door.
- ◦Sale/Acquisition




