Address not disclosed, Grass Valley, CA 95945 - MLS#224097190

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$1,750,000

Est. payment - /mo

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1.14 Acres Lot

Active

Address not disclosed Grass Valley, CA 95945

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Erin Sanders

erin@folsomrealty.com +1(916) 807-0300

UPDATED:

09/01/2024 06:40 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224097190

HOA Y/N No

Originating Board MLS Metrolist

Year Built 2000

Lot Size 1.140 Acres

Acres 1.14

Property Description

Two of four industrial condominium units comprising a +-23,000 SF complex situated on a 1.14 acre common parcel. The subject condos - Units 3 & 4 - total +-13,576 SF, representing approximately 61% of the entire complex. This modern split-level concrete tilt-up building was constructed in 2000 and received a new roof in 2021. The functional layout includes +-4,424 SF of high bay warehouse/manufacturing space with two large truck doors and 26' ceilings, and +- 9,152 SF of low bay office/R&D space split equally between the ground floor and upper level. The property is currently fully leased to 3 tenants; however, High Sierra Electronics, occupying +-7,400 SF, will be leaving the building at year end after a 20-year stint, creating an exciting opportunity for an owner/user buyer to acquire and occupy a new facility with healthy rental income (+-$6,700/mo.) from the two remaining tenants as well as future expansion capability. The property should benefit from windfall appreciation upon completion of the nearby Dorsey Marketplace Shopping Center and the extension of Spring Hill Drive up to Dorsey Dr.

Location

State CA

County Nevada

Area 13105

Direction Highway 49 to Idaho Maryland to Spring Hill

Location Details Business Park,Freeway Nearby,Restaurant Nearby,Hospital Nearby,Shopping Nearby,Hotel/Motel Nearby,Industrial Area,Warehouse

Interior

Heating Roof Package Joint, Gas, MultiZone, Natural Gas, Other

Cooling Evaporative Cooler, MultiUnits, Roof Package Joint

Flooring Varies by Unit

Exterior

Garage Common Area Assigned, Street

Utilities Available Internet Available, Other, Natural Gas Connected

Water Access Desc Irrigation District,Public

Roof Type Other

Total Parking Spaces 41

Building

Sewer Public Sewer

Water Irrigation District, Public

Others

Senior Community No

Tax ID 009-201-049-000

Special Listing Condition None

Listed by Highland Commercial, Inc.

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Erin Sanders

Broker | CA DRE#01973946

+1(916) 807-0300

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Erin Sanders

Address not disclosed Grass Valley, CA 95945

Erin Sanders

Key Details

Location

Interior

Exterior

Building

Others

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