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California  + Apartments  | 

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.

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Inside The Story

Coldwell Banker Commercial's Tatreau

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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