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Plumas Bank Portfolio 2 Office Properties Offered at $7,343,504 in Quincy, CA
Investment Highlights
- Mission-Critical Facilities Including Plumas Bank’s Corporate Headquarters
- Top-Performing Publicly Traded Community Bank
- County Seat with Affluent, Growing Customer Base
- Long-Term Absolute NNN Leases with 3.00% Annual Increases
- Strong Commitment to Location Backed by Sale-Leaseback Execution
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a two-property Plumas Bank portfolio located in Quincy, California (the “Portfolio”). This sale-leaseback offering features newly executed 15-year absolute triple net leases to Plumas Bank (NASDAQ: PLBC), a publicly traded community bank with over $1.6 billion in assets. The Portfolio includes the bank’s corporate headquarters and their loan office providing investors with long-term cash flow backed by a trusted regional financial institution.
Property Facts
| Price | $7,343,504 | Number of Properties | 2 |
| Price / SF | $470.13 / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 15,620 SF |
| Sale Type | Investment NNN | Total Land Area | 1.09 AC |
| Status | Active |
| Price | $7,343,504 |
| Price / SF | $470.13 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,620 SF |
| Total Land Area | 1.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 35 S Lindan Ave, Quincy, CA 95971 | Office | 9,188 SF | 1995 | - |
| 32 E Central Ave, Quincy, CA 95971 | Office | 6,432 SF | 2002 | - |
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Plumas Bank Portfolio
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