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110 Spring Hill Drive , 1/2

Grass Valley, CA 95945
  • $795,000
  • STATUS: Active
  • ON SITE: 122 Days
  • MLS #: 222127993
UPDATED: 59 min ago
$795,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,800
    SQFT
  • $209
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:
Area:

School Ratings & Info

Description

110 Springhill Drive units 1 and 2 are comprised of approximately 3000 sf of 2 story office and 2550 sf of warehouse. The property is currently leased to Dignity Health who uses the facility as a mission-critical ambulatory staging/rest area. Dignity has had a long tenancy at the property and has recently extended their lease for an additional 3 years. The in-place rent of the tenant is approximate 23% below market, allowing an investor the ability to significantly increase the cash yield upon Dignity's lease termination. The in-place cap rate is approximately 4.00% and the lease features annual increases. the offering represents great opportunity for an investor to acquire a bite-sized light industrial investment occupied by an investment grade tenant (S%P BBB). Alternatively, the project represents an equally attractive opportunity for an owner-user to buy now and cashflow until Dignity's lease terminates. The property is in a well maintained industrial condo park, OA fees are currently $.26/SF/quarter. The roof was replaced approximately 2 years ago and the OA fees do include a repayment for the roof, OA fees will decrease once the roof is paid off.

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Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-02-03T20:39:23.593. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.norcalhomepros.com/homes/133623326
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110 Spring Hill Drive , 1/2 Grass Valley, CA 95945

  • Price: $795,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 59 min ago
  • MLS #: 222127993
0
Beds
0
Baths
0
½ Baths
0.04
Acres
3,800
SQFT
$209
$/SQFT
1989
Built
Neighborhood:
Grass Valley
County:
Nevada
Area:
Grass Valley
Property Description
110 Springhill Drive units 1 and 2 are comprised of approximately 3000 sf of 2 story office and 2550 sf of warehouse. The property is currently leased to Dignity Health who uses the facility as a mission-critical ambulatory staging/rest area. Dignity has had a long tenancy at the property and has recently extended their lease for an additional 3 years. The in-place rent of the tenant is approximate 23% below market, allowing an investor the ability to significantly increase the cash yield upon Dignity's lease termination. The in-place cap rate is approximately 4.00% and the lease features annual increases. the offering represents great opportunity for an investor to acquire a bite-sized light industrial investment occupied by an investment grade tenant (S%P BBB). Alternatively, the project represents an equally attractive opportunity for an owner-user to buy now and cashflow until Dignity's lease terminates. The property is in a well maintained industrial condo park, OA fees are currently $.26/SF/quarter. The roof was replaced approximately 2 years ago and the OA fees do include a repayment for the roof, OA fees will decrease once the roof is paid off.
Exterior Features

Construction Materials WoodMasonry Dock Doors 0 Foundation Slab Levels Other Loading None Num Of Floors 0 Parking Features Other Road Frontage County RoadFreeway Exposure Roof Flat Total Parking Spaces 0.00 Walls SheetrockWood

Interior Features

Cooling CentralNoneMultizone Flooring CarpetVinylConcreteOther Heating Central Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features Varies By Unit Business Type Other Current Use Varies By UnitOffice Electric 1 Phase150 Amp Service Income Includes None Lease Deposit 0 Lease Term 3 Years Location Airport NearbyDowntownFreeway NearbyHospital NearbyHotel/Motel Nearby Num Of Offices 0 Num Of Tenants 0 Property Condition Exterior-Good Property Subtype Industrial Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions Offer As Is Structure OfficeIndustrialWarehouse Tenant Pays None Utilities Separate Gas MeterCable ConnectedInternet AvailableOtherNatural Gas Connected Water Source Public Year Renovated 0 Zoning M1

Metrolist MLS logo Listing provided courtesy of Coldwell Banker Commercial Grass Roots Realty: . Listing information © 2023 MetroList Services, Inc.


Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-02-03T20:39:23.593. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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