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Grass Valley,CA 95945
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