Contacts

Lock Richards

Highland Commercial

Property Details

Property Type Industrial - Flex - Industrial
Property Size 4,576 SF
Units 1
Lot Size 1.14 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 18
Parking Ratio 3.00 / 1,000 SF
Property Tenancy Single Tenant
Year Built 2000
Year Renovated 2021
Date Updated Nov 27, 2024
Electricity Service 1200 amp main, 3 phase
Fire Sprinklers Other
HVAC None

Grass Valley (or Nevada City) is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video technology, digital media and other high-tech industries, balanced by national caliber arts and entertainment sectors. With superb schools and multiple national awards relating to unbeatable quality of life, the Grass Valley/Nevada City region continues to attract residents and businesses from nearby Sacramento and the SF Bay Area. The Wolf Creek Industrial Park is a small light industrial subdivision located just off Idaho Maryland Road only 1/4 mile from Highway 49 in central Grass Valley.One of four light industrial condominium units comprising a +-23,000 SF complex situated on a 1.14 acre common parcel. Unit 4 is +-4,576 rentable sq. ft. on one level with ground floor access. This modern split-level concrete tilt-up building was constructed in 2000 and received a new roof in 2021. The property is fully leased to one tenant until January 2028. The tenant operates a heated yoga studio and has invested significant sums to improve the specialized space, including high intensity heating systems and showers. They have been successfully operating since 2018 and recently signed a new 5-year lease. This investment is priced to achieve above an 8% actual capitalized return, and 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.

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Highlights

Fully leased single tenant light industrial condominium.
Seller financing considered up to 2 years.
+-4,576 square feet leased until January 2028.
Specialized TIs by tenant adds to lease security.
Aggressively priced at over an 8% return on cost.

Attachments

Offering Memorandum - 155 Spring Hill #4 (PDF) opens in new window

Getting around

34/100
Walk Score ®
21/100
Bike Score ®

Powered by Walk Score ®

City Grass Valley, CA
Zip Code 95945

Points of Interest

Colfax

9.94 miles

Shell

0.55 miles
Chevron

0.61 miles
Quik Stop

0.64 miles
Speedway

0.81 miles
Arco

0.83 miles
76

1.13 miles
Cardlock: 133 Lower Grass Valley Road

1.78 miles
Tesla Supercharger

2.09 miles

Pine Street Burgers

0.44 miles
Beach Hut Deli

0.55 miles
Big A's Drive In

0.58 miles
El Favorito Taqueria Mexican Foods

0.59 miles
Lamppost Pizza

0.70 miles
Round Table Pizza

0.70 miles
Panda Express

0.70 miles
Jack in the Box

0.75 miles
Taco Bell

0.77 miles
Burger King

0.79 miles

In-Depth Research Available for this Property

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