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12257 Loma Rica Dr
Grass Valley, CA 95945
Air Park · Industrial Property For Sale
·
27,148 SF
INVESTMENT HIGHLIGHTS
- Nevada County Airpark close by
- HOA which covers, roof, exterior, common area, landscaping/parking, maintenance, water, sewer, and structure insurance.
- Airpark Industrial Condominium, highly desirable location
EXECUTIVE SUMMARY
Four contiguous industrial condos (12257-63) located at the prime front corner of the highly desirable Airpark Industrial Condominium complex, located only one block from the Nevada County Airport. Totaling 4,500 SF with a bright corner office of 750 SF connecting to an efficient shop space of 3,750 SF. The entire complex is fully conditioned and the shop area has acoustical drop ceiling throughout at 10.5' high, however, clear height in the building ranges from 19'-23', should more height be necessary. Three 200-amp 3-phase electrical services, with potential for four. One on-grade truck door of 12'x14', with the property framed to accommodate two additional truck doors if desired. Professionally managed with association dues of only $180/unit, which covers roof, exterior, common area/landscape/parking maintenance, water, sewer & structure insurance. Nothing of this quality or type on the market!
PROPERTY FACTS
UTILITIES
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
1 UNIT AVAILABLE
Unit 12257-63
| Unit Size | 4,500 SF | NOI | $42,180 |
| Condo Use | Industrial | Sale Conditions | 1031 Exchange |
| Sale Type | Investment or Owner User | APN/Parcel ID | 006-620-067, 68, 69, 70 |
| Cap Rate | 5.70% |
| Unit Size | 4,500 SF |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.70% |
| NOI | $42,180 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 006-620-067, 68, 69, 70 |
DESCRIPTION
Four contiguous industrial condos located at the prime front corner of the highly desirable Airpark Industrial Condominium complex, located only one block from the Nevada County Airport. Totaling 4,500 SF with a bright corner office of 750 SF connecting to an efficient shop space of 3,750 SF. The entire complex is fully conditioned and the shop area has acoustical drop ceiling throughout at 10.5' high, however, clear height in the building ranges from 19'-23', should more height be necessary. Three 200-amp 3-phase electrical services, with potential for four. One on-grade truck door of 12'x14', with the property framed to accommodate two additional truck doors if desired. Professionally managed with association dues of only $180/unit, which covers roof, exterior, common area/landscape/parking maintenance, water, sewer & structure insurance. Nothing of this quality or type on the market!
SALE NOTES
Currently leased by State of California DGS/CalFire through October 31, 2027. Showing by appointment only with VOF or pre-approval letter from lender, subject to sellers 1031 exchange.
