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13355 Grass Valley Avenue
Grass Valley, CA 95945 ·

16,080 SF · Industrial For Sale

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13355 Grass Valley Avenue

Price N/A Property Use Type Investment
Building Size 16,080 SF Year Built 1981
Property Type Industrial Lot Size 1.10 AC
Property Sub-type Flex Space
Listing ID: 17769624 Date Created: 07/30/2012 Last Updated: 07/10/2015

Description

A 16,000+ SF multi-tenant light industrial building built in 1981 & located in Grass Valley's Loma Rica Industrial Park only 2 blocks from the Nevada County Airport. The property contains six separate bays of +-2680 SF - each with a grade-level roll-up truck door. Most units have 10' high drop ceilings with full HVAC and separately metered 3 phase, 208/240V, 200 amp service, The ceiling height could be increased to +-14' by removing the drop ceilings. Within the last 3 years Seller has put about $180k into capital improvements on the building including all new roof, windows and siding. At a current actual cap of +-7.5% and a +-9% proforma cap, this property is perfect for: 1) an investor looking for newly improved building; or 2) an owner/user who would occupy the one vacant bay and enjoy investment income and expansion capability from the remaining 5 bays.

Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento - below the snow-line and above the fog for a perfect 4-season climate. Nevada Countys economy has effectively transformed from mining & forestry to vibrant high-tech and tourist based industries. County-wide school test scores are second-highest in the State. This area continues to attract residents and businesses from the nearby Sacramento and San Francisco Bay areas. The subject property is located in the Loma Rica Industrial Park, a 250+ acre business park adjacent to the Nevada County Airport. The park is a primary employment center for Nevada County with more than 20% of all county manufacturing jobs located in this area.

Highlights

  • 16,000+ SF Multi-tenant Lt. Industrial Building.
  • Brand new roof in 2011 w/ 15 year warranty.
  • 6 bays of 2,860 SF, each with truck door access.
  • 5.5% current cap, 9% proforma cap
  • All new roof, siding and windows!

Research

13355 Grass Valley Avenue, Grass Valley, CA 95945 (Nevada County)

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