Corner of East & Esplanade
(Chico) Coldwell Banker Commercial C&C Properties has announced the sale of Esplanade East, a three parcel commercial center at the corner of East and Esplanade. The centerpiece of the portfolio is the ARCO AM/PM gas station on the corner, and the adjacent Jack in the Box drive through.
The rest of the complex is a mixed use, two story retail strip center with various tenants including a furniture store, laundromat, massage studio, modeling agency and attorney’s office. It was also the former home of the popular Hula’s Restaurant, which closed in the midst of COVID, never to reopen.
Former Hula’s Restaurant
The property was purchased by an investment buyer planning to redevelop the center. Esplanade East was sold by Mike Donnelly and Brian Littrell of Coldwell Banker Commercial representing the seller. The buyer was represented by Sima Saboury of Porchlight Realty.