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12077 State Highway 49 4,900 SF 100% Leased Industrial Building Grass Valley, CA 95949 $2,300,000 ($469.39/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 8.00% Cap Rate on in-place income from five tenants
- Fully renovated 4,900 SF structure (warehouse + 3BR/2BA apartment)
- High visibility and access: Frontage on Hwy 49 with rare ingress/egress, plus dual access from La Barr Meadows Rd
- ±68,225 SF of fenced IOS yard across five flexible spaces
- Strong anchor tenant (Dark Knight Towing) on NNN lease
- Billboard ground lease with significant upside
EXECUTIVE SUMMARY
Coldwell Banker Commercial Grass Roots is pleased to present 12077 State Highway 49 — a fully leased, low site coverage (4.6%) Industrial Outdoor Storage (IOS) investment on ±2.45 acres in Grass Valley, CA, offered at an 8.00% cap rate on in-place income. The property features a 4,900 SF concrete block building, which is comprised of a renovated 3BR/2BA apartment and 3,300 SF warehouse with three drive-through bays, ±68,225 SF of fenced yard space across five distinct yard areas, and a billboard ground lease with income upside.
The asset is anchored by Dark Knight Towing, a CHP-approved towing and impound operator under a NNN lease. Additional tenants lease individual yard spaces for in-demand uses such as truck/trailer storage, contractor laydown, and equipment staging—categories experiencing significant supply constraints in the region.
Recent capital improvements total over $500,000 and include a new roof, full apartment remodel, upgraded septic system, and security fencing. Strategically located with irreplaceable access and frontage along Highway 49 (45,500 AADT) and La Barr Meadows Rd, the property benefits from strong visibility, diversified income, and future value-add potential via billboard repositioning.
The asset is anchored by Dark Knight Towing, a CHP-approved towing and impound operator under a NNN lease. Additional tenants lease individual yard spaces for in-demand uses such as truck/trailer storage, contractor laydown, and equipment staging—categories experiencing significant supply constraints in the region.
Recent capital improvements total over $500,000 and include a new roof, full apartment remodel, upgraded septic system, and security fencing. Strategically located with irreplaceable access and frontage along Highway 49 (45,500 AADT) and La Barr Meadows Rd, the property benefits from strong visibility, diversified income, and future value-add potential via billboard repositioning.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,300,000 | Lot Size | 2.45 AC |
| Price Per SF | $469.39 | Rentable Building Area | 4,900 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 8% | Year Built/Renovated | 1965/2022 |
| Property Type | Industrial | Cross Streets | La Barr Meadows |
| Building Class | C | ||
| Zoning | M-2 | ||
| Price | $2,300,000 |
| Price Per SF | $469.39 |
| Sale Type | Investment NNN |
| Cap Rate | 8% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 2.45 AC |
| Rentable Building Area | 4,900 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2022 |
| Cross Streets | La Barr Meadows |
| Zoning | M-2 |
AMENITIES
- Fenced Lot
- Fireplace
- Storage Space
- Air Conditioning
UTILITIES
- Gas - Natural
- Water - Well
- Sewer - Septic Field
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 022-140-041-000 | Improvements Assessment | $371,422 |
| Land Assessment | $530,604 | Total Assessment | $902,026 |
PROPERTY TAXES
Parcel Number
022-140-041-000
Land Assessment
$530,604
Improvements Assessment
$371,422
Total Assessment
$902,026
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12077 State Highway 49
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