155 Spring Hill Dr - Warehouse CONDO FOR SALE


Grass Valley, CA 95945
$699,000-$1,199,000 USD
530-470-1740
155 Spring Hill Dr, Grass Valley, CA for Sale
$699,000-$1,199,000 USD
Warehouse CONDO - FOR SALE
1/11
4,576-9,000 SF | Request Cap Rate

155 Spring Hill Dr
Grass Valley, CA 95945


HIGHLIGHTS

  • Offering 1: Fully leased single tenant light industrial investment. +-4,576 square feet leased until January 2028. 8.4% Cap.
  • Offering 2: 7400 - 9000 SF owner/user light industrial building. 26' clear heights, large truck doors and high 3-phase power.
  • Seller financing considered up to 2 years.

OVERVIEW

One of four industrial condominium units comprising a +-23,000 SF complex situated on a 1.14 acre common parcel. Units 3 is 9,000 SF consisting of approximately 50% high bay warehouse with 26' ceilings and 2 large roll-up doors, and 50% office/R&D space. This modern concrete tilt-up building was constructed in 2000 and received a new roof in 2021. Unit 3 is currently divided into two rentable areas (but could easily function as one space as well): 1) a 1600 SF high bay manufacturing space with a long-tenured month-to-month tenant at a rent 40% below market; and 2) a 7,400 SF space occupied by a manufacturing/engineering firm that will be leaving the building at year end after a 20-year stint; creating an exciting opportunity for an owner/user buyer to acquire and occupy a facility with both rental income and future expansion capability. The property is poised to benefit from windfall appreciation upon completion of the nearby Dorsey Marketplace Shopping Center and the planned extension of Spring Hill Drive up to Dorsey Dr.

FOR SALE DETAILS

PRICE

$699,000-$1,199,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Single-tenant Flex Bldg, 8.4% In-place Cap

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Loft/Creative Space, Health Club, Service

TOTAL BUILDING SIZE

13,576 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,820 SF

ZONING

M1

APN/PARCEL ID

009-201-049-000,009-201-0508-000

ASK ABOUT THIS PROPERTY

Lock RichardsHighland Commercial, Inc.More Info
530-470-1740

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Lock RichardsHighland Commercial, Inc.More Info
530-470-1740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.