13355 Grass Valley Avenue, Grass Valley, CA, 95945 - Available for Sale

Industrial For Sale

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13355 Grass Valley Avenue

13355 Grass Valley Avenue, Grass Valley, CA 95945

$998,000

16,080 SF | Industrial

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Industrial Property For Sale

Price:
$998,000
Building Size:
16,080 SF
Price/SF:
$62.06
Property Type:
Industrial
Property Sub-type:
Flex Space
Property Use Type:
Investment
Year Built:
1981
Lot Size:
1.10 AC
Listing ID
17769624
Last Updated
5 days ago

Find Out More...

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.
  • Drive-around building access.
  • All new roof, siding and windows!

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! Priced to sell at an 8.8% proforma cap. SELLER WILL CARRY.

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.

Debt & Equity Information

Map of 13355 Grass Valley Avenue, Grass Valley, CA 95945

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Lock Richards
Lock Richards

Northern California Office, Industrial, & Retail Specialist

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License ##01302767

Asking Price Index Trends for Grass Valley, CA Industrial For Sale

  Nov 14 vs. 3 mo.
prior
Y-O-Y
-
State
$120+1.9%+6.9%

View Grass Valley Market Trends for other property types for sale or lease. Learn more about the chart info.

13355 Grass Valley Avenue
  • Industrial
  • $998,000
  • 16,080 SF