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Grass Valley Small Bay Industrial 13 Industrial Condos Offered at $4,481,000 in Grass Valley, CA
INVESTMENT HIGHLIGHTS
- High-quality construction and appearance will preserve long-term value and minimize maintenance.
- Multiple value-add exit strategies are available including individual condo sales to owner-users or investors.
- Strong industrial market fundamentals with low industrial vacancy and competition.
- Short-term leases will allow an investor to immediately rewrite leases and terms.
- Well-located in an established industrial/ business park, which maximizes convenience for more tenants.
EXECUTIVE SUMMARY
As the exclusive agent, Newmark is proud to present the opportunity to acquire thirteen (13) high-end industrial condominiums ranging in size from ±1,638 SF to ±3,940 SF for a total of ±27,834 SF, in the heart of the Sierra Nevada foothills. The sale of thirteen condominiums at 1020 & 1050 Whispering Pines Lane (“the Properties”) is an opportunity to acquire a portfolio with ±85% occupancy in the best-looking and best-built project in Grass Valley. The Properties are centrally located and offer good access to Highway 49.
The Properties are offered at $4,481,000 ($161/SF), representing a 6.5% cap rate on existing and proforma rental income. These thirteen condominiums at 1020 & 1050 Whispering Pines Lane offer the opportunity to acquire a highly desirable, multi-tenant industrial project with steady cash flow from tenants who have occupied these
Properties ranging from approximately 3 to 21 years. The Grass Valley market is highly desirable for small businesses serving the regional area and demand for these industrial properties remains robust. The high cost to build similar properties nearly eliminates near term competition from new development.
The Properties are offered at $4,481,000 ($161/SF), representing a 6.5% cap rate on existing and proforma rental income. These thirteen condominiums at 1020 & 1050 Whispering Pines Lane offer the opportunity to acquire a highly desirable, multi-tenant industrial project with steady cash flow from tenants who have occupied these
Properties ranging from approximately 3 to 21 years. The Grass Valley market is highly desirable for small businesses serving the regional area and demand for these industrial properties remains robust. The high cost to build similar properties nearly eliminates near term competition from new development.
PROPERTY FACTS
| Price | $4,481,000 | Status | Active |
| Price / SF | $161.09 / SF | Number of Properties | 13 |
| Cap Rate | 6.56% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 27,816 SF |
| Price | $4,481,000 |
| Price / SF | $161.09 / SF |
| Cap Rate | 6.56% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 13 |
| Individually For Sale | 0 |
| Total Building Size | 27,816 SF |
PROPERTIES
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Grass Valley Small Bay Industrial
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