$1,995,000

This a unique opportunity to acquire two free standing, campus like buildings at an approx. 60% discount to their replacement cost, with in-place rents 25% below current market rents. The property consists of: 13100 Grass Valley Avenue, a 15,982 square foot multi-tenant light industrial building which is currently 100% occupied by three tenants, and 12438 Loma Rica Drive, a 14,352 square foot warehouse/office building which is currently 71% occupied at below market rents on a short term basis. The property is currently 86% occupied on a weighted average rate of $0.52/SF/MO, 25% below the market rate of $0.65/SF/MO (as demonstrated by the two most recently signed leases.) The current build out of 12438 lends itself to a fantastic single tenant HQ location, and was most recently used as a single-tenant HQ building for KACO Solar. The property is situated on 2.52 campus-like acres and is ideally located on the hard corner of Grass Valley Avenue and Loma Rica Drive.

Details
Property Class: Commercial/Industrial
Listing Status: Active
City: Grass Valley
Area: Grass Valley
County: Nevada
State: CA
Garage: No
Living Area (SqFt): 30334 sq. ft.
Lot Size Area Sq Feet: 109771.00
Lot Size Area Acres: 2.52000
Listing#: 20150519
Parcel Number: 0638046000
Year Built: 1986
List Date: 2/22/2015
Class: Commercial
Approx Lot Size: 2.520
Stories: 2

Amenities: 1 Restroom Per Unit
Utilities Sewer: Septic
Cooling: Central, Evaporative Cooler, MultiZone
Heating: Central, MultiZone
Garage Style: Open, Uncovered, Lighted
Utilities Water: Meter on Site


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