A legacy redevelopment opportunity - ±11.5 acres Chico Nut Company Chico Nut is proud to bring to market a family legacy asset, the Chico Nut processing plant uniquely positioned for an exceptional redevelopment opportunity in the heart of historic Chico California at the “Gateway to The Esplanade”, Chico’s primary arterial, linking downtown Chico to the south with its north established residential and commercial business districts. This infill opportunity is comprised of ±11.5 acres (±10.17 acres in 5 contiguous legal parcels comprising “The Plant” plus an additional ±1.3 undeveloped acres across East 10th Avenue) See aerial photo on page 11 of this offering. The Plant consists of ±192,000 sq ft in 7 buildings of various 1950’s industrial chic architecture complimented throughout with turn of the century clear redwood appointments both structurally and by accent, providing for unlimited multipurpose and creative adaptive reuses with character. The property has recently been unanimously recommended for rezoning by the Chico Planning Commission (May 16, 2024) from its historic “Manufacturing and Warehousing (ML)” designation to Commercial Mixed Use (CC-PD (Community Commercial with Planned Development overlay)). Redesignating the property as Commercial Mixed Use will encourage the integration of retail service commercial uses with office and/or residential opportunities. The rezone is consistent with The Avenues Neighborhood Plan (see page 15 of this offering) along the Esplanade proposed by the City to leverage economic opportunities specifically at this site. The rezone is enthusiastically initiated and supported by the City of Chico. Several community needs have been identified through discussions with major community stakeholder including, for example, Enloe Hospital for its administrative and a host of other non-medical support services (physical rehab, accounting, records, training and education, receiving, ambulance, non-clinical, durable medical equipment, medical staff housing (nurses/doctors/surgeons and so forth), Chico State University (faculty & student housing, a University farm store outlet), general retail (natural foods grocery, specialty shops, restaurants and other service retail), hospitality services for the benefit of visiting hospital and university families, cold storage needs for a variety of vendors including two world class local breweries, the Salvation Army and so forth, potential conference center needs and any number of other creative community adaptive reuses. It’s central location in close proximity to Enloe Hospital (300 beds/4,000 employees/ a $900 million corporation and growing), Chico State University (±15,000 students/established in 1887), the Chico airport (reinstating commercial flight service in 2025) and enjoying prominent Esplanade gateway street frontage at one signalized intersections along the historic Lindo Channel greenbelt, checks most all of the boxes for a legacy redevelopment opportunity within an affordable, quality of life northern California community abounding with recreational opportunities.