13355 Grass Valley Avenue

13355 Grass Valley Avenue, Grass Valley, CA 95945

$998,000

Industrial for Sale or Lease

16,094 sf bldg

A 16,000+ SF multi-tenant light industrial building built in 1981 & located in Grass Valley's Loma Rica Industrial Park only 2 blocks from the Nevada County Airport. The property contains six separate bays of +-2680 SF - each with a grade-level roll-up truck door. Most units have 10' high drop ceilings with full HVAC and separately metered 3 phase, 208/240V, 200 amp service, The ceiling height could be increased to +-14' by removing the drop ceilings. Brand new elastomeric roof in 2011 w/ 15 year warranty. Currently 66% leased with short term tenancies at below market rents allowing for easy NOI growth with improving market. Two 2680 SF bays currently available, allowing for an owner/user purchase as well. Priced at 8% proforma cap (approx 5% cap on actual). Seller will carry.

For Sale

Price Avail SF Price / SF Cap Rate
$998,000 16,094 $62.01
$998,000 16,094 $62.01

For Lease

Suite Avail SF Asking Rate Available Space Type
Suite A 2,680 $0.60 per sf/mo Gross Industrial
Suite A 2,680 $7.80 per sf/yr Gross Specialty
Unit D 2,680 $0.55 per sf/mo Gross Industrial
Unit D 2,680 $7.20 per sf/yr Gross Specialty

Property Details

Property Type
Industrial
Building SF
16,094
Year Built
1976
Floors
1
Zoning
Industrial
Parcel (APN)
06-370-58
County
Nevada
Power Type
DSL. 3 phase 220v 200 amp

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Contact Listing Broker
Lock Richards
Sperry Van Ness - Highland Commercial
(530) 470-1740

Data Source:

BuildOut
Last updated: 04/02/2014

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