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    1740 E Main

    Grass Valley, CA 95945
    • $1,750,000
    • STATUS: Active
    • ON SITE: 115 days
    • MLS #: 20067844
    UPDATED: 71 min ago
    $1,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Description

    Property consists of three first class office buildings, featuring 4 separate, condomiumized units across 7,781 SF. The Property was delivered in 2007, which makes it one of the newest office projects in Western Nevada County. Each space has been finished as Class A'' office with functional floorplans and top of the line finishes. Currently 100% occupied, however suite 101 will be vacated as of 1/1/2021. The Property is a one of a kind opportunity for either an investor or owner user; currently the Project's Net Operating Income is approximately $123,000 which equates to just north of a 7% cap rate. Suite 101 is highly leasable with a functional and flexible layout capable of accommodating many different uses, additionally, the in-place rent is approximately 10% below market rent, allowing an investor to increase yield by leasing the suite at today's rates.

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    © 2021 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 2021-03-06T07:38:46.103. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.norcalhomepros.com/homes/111757615
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    1740 E Main Grass Valley, CA 95945

    • Price: $1,750,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 20067844
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2006
    Built
    Neighborhood:
    Grass Valley
    County:
    Nevada
    Area:
    Grass Valley
    Property Description
    Property consists of three first class office buildings, featuring 4 separate, condomiumized units across 7,781 SF. The Property was delivered in 2007, which makes it one of the newest office projects in Western Nevada County. Each space has been finished as Class A'' office with functional floorplans and top of the line finishes. Currently 100% occupied, however suite 101 will be vacated as of 1/1/2021. The Property is a one of a kind opportunity for either an investor or owner user; currently the Project's Net Operating Income is approximately $123,000 which equates to just north of a 7% cap rate. Suite 101 is highly leasable with a functional and flexible layout capable of accommodating many different uses, additionally, the in-place rent is approximately 10% below market rent, allowing an investor to increase yield by leasing the suite at today's rates.
    Exterior Features

    Construction Materials See Remarks Dock Doors 0 Loading See RemarksOther Num Of Floors 0 Parking Features Open Roof See Remarks Total Parking Spaces 0

    Interior Features

    Cooling See Remarks Flooring See Remarks Heating See Remarks Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 7777 Retail Sq Ft 0 Warehouse Sq Ft 0

    Property Features

    Building Features See Remarks Expiration Date Auxiliary 2021-07-31 Income Includes See Remarks Lease Deposit 0 Location See Remarks Num Of Offices 0 Num Of Tenants 0 Owner Pays See Remarks Property Subtype Office Property Type Commercial Sale Special Listing Conditions None Tenant Pays See Remarks Year Renovated 0 Zoning Office

    Listing provided courtesy of Coldwell Banker Grass Roots Realty. Listing information © 2021 MetroList Services, Inc.


    © 2021 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 2021-03-06T07:38:46.103. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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