Property Details
About this Property
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 at approximately a 7.7% in-place 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.
MLS Listing Information
MLS #
ME224107475
MLS Source
MetroList Services, Inc.
Days on Site
37
Commercial Information
# Buildings / # Units
0
Parking Spaces
18
Present Use
Other
Utilities
Natural Gas Available, Other, Water - Public
Interior Features
Flooring
Varies by Unit
Cooling
Multi Units, Roof Package - Joint
Heating
Gas, Gas - Natural, Heating - 2+ Zones, Other, Roof Package - Joint
Exterior Features
Roof
Other
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
M-1
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
Address Is Not Disclosed is a Commercial Sale in Grass Valley, CA 95945. This 4,576 square foot property sits on a 1.14 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $699,000 and was built in –. This address can also be written as Address Is Not Disclosed, Grass Valley, CA 95945.
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This listing information is up-to-date as of September 25, 2024. For the most current information, please contact Lachlan Richards, (530) 470-1740
