Value Add Multi-tenant Light Industrial

$1,695,000

12555 Loma Rica Drive, Grass Valley, CA 95945

For Sale

Industrial Flex Space

Active

Last Updated: 02/19/2024

Details:

Building Size: 16,400 sqft

Lot Area: 1.42 acres

Occupancy: 20%

Units: 1

Year Built: 1976

Offered by

Lock Richards

President

Highland Commercial, Inc.

#01302767

Request Info to Unlock

Highlights:

Two +-8,000 SF multi-tenant light industrial buildings on 1.42 acres.
13 potential bays with truck doors.
Separate electrical metering.
M-1 Light Industrial Zoning allows wide range of uses.
Freespan metal construction.

Description:

Two multi-tenant light industrial buildings of +-8,000 SF each, totaling +-16,400 SF. The structures are steel frame free-span metal buildings with a total of 13 framed-in front-loading roll-up doors and separate electrical metering. Most of the units have interior framed offices with mezzanines, which could be demo'd to create highly desirable light industrial units. Excess parking/exterior storage possible at rear. Rented units are all short term M2M leases providing flexibility for an owner/user. Pricing at only +-$100/sf allows room for value-add investors to renovate or re-purpose.

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 rectangular 1.42 acre light industrial parcel with gentle downslope topography featuring two development pads each with an +-8,000 SF multi-tenant building.

125 Amp to each bay

Propane