(Oroville) The Feather River Recreation and Parks District (FRRPD) has completed a sale of its nearly 40,000 square foot activity center to the County of Butte. The landmark sale was handled by Mike Donnelly and Brian Littrell of Coldwell Banker Commercial. The transaction was accomplished after a Community Development Block Grant was awarded to Butte County. The 39,700 sq. ft. activity center will be converted to a multi-use mental health services facility providing a wide range of services.
The FRRPD decided to sell the property as part of a strategic financial restructuring plan to reduce facility maintenance costs, improve recreational facilities and provide better quality recreational services in the community. Coldwell Banker Commercial won the listing contract to serve the district, and provided extensive marketing including digital video tech services. To see the video, CLICK HERE.
The Purchase price, which is public record, was $3,690,000 and the transaction too about two years starting with negotiations through the close of escrow.