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Lock Richards

Highland Commercial

Property Details

Property Type Industrial - Manufacturing
Property Size 34,950 SF
Units 1
Lot Size 2.19 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 39
Property Tenancy Single Tenant
Year Built 2021
Date Updated Nov 27, 2024
Column Spacing 25.0x75.0'
Dock High Doors 4
Grade Level Doors 4
Office Area 1,200 SF
Electricity Service 1200 Amp, 3 Phase, 4 Wire, 480/277V, with transformer.
Fire Sprinklers Other
HVAC Other

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 subject property is located in the Loma Rica Industrial Park, a 250+ acre business park adjacent to the Nevada County Airport. The park is a primary employment center for Nevada County with more than 20% of all county manufacturing jobs located in this area.A single-tenant triple-net leased new 35,000 SF high-bay manufacturing/warehousing building situated on a 2.19 acre parcel only two blocks from the Nevada County Airport. Built to top "Cal Green" specifications for superior energy efficiency including automated LED lighting, high R-level insulation, Lennox high efficiency package units providing heating and cooling throughout the entire structure, and 1200 Amp 3 phase electrical service. New 5-year true NNN lease to Skyler Electric, one of the largest power provisioning companies in the Western U.S. serving the telecommunications, utility, UPS, and solar markets. This offering is situated in Nevada County in the Greater Sacramento Region, an exceptionally tight market with industrial vacancy of only 1.5% and formidable barriers to entry including a severe lack of industrial zoned development sites. Priced at an in-place 5.26% cap ($137/sf), with annual rent bumps, this offering represents a hands-off stable investment in the enormously expanding industrial sector with massive appreciation potential in an otherwise volatile economy.

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Highlights

Single-tenant net-leased 35K SF industrial manufacturing/warehouse.
Solid "commercial electrical contractor" tenant operating throughout Western U.S.
High-demand Sacramento region market with industrial vacancy under 2%!
Stable cash flow, annual rent bumps and huge appreciation potential due to massive industrial demand throughout the region.
Ultra high efficiency "Cal Green" spec'd construction.
1200 amp 3-phase electrical, heating/cooling throughout, dock-high and grade-level loading.

Attachments

Getting around

15/100
Walk Score ®
12/100
Bike Score ®

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City Grass Valley, CA
Zip Code 95945

Points of Interest

Colfax

8.74 miles

Speedway

1.79 miles
Arco

2.06 miles
Cardlock: 133 Lower Grass Valley Road

2.23 miles
76

2.37 miles
Chevron

2.50 miles
Shell

2.51 miles
Quik Stop

2.60 miles
Tesla Supercharger

3.33 miles

Car Wash

9.05 miles
Colfax Carwash

9.31 miles

Panda Express

1.89 miles
Round Table Pizza

1.90 miles
Beach Hut Deli

1.91 miles
El Favorito Taqueria Mexican Foods

1.95 miles
Lamppost Pizza

1.99 miles
Taco Bell

2.02 miles
KFC

2.04 miles
Jimboy's Tacos

2.05 miles
Burger King

2.08 miles
Jack in the Box

2.08 miles

In-Depth Research Available for this Property

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