As the exclusive agent, Newmark is proud to present the opportunity to acquire thirteen (13) high-end industrial condominiums ranging in size from ±1,638 SF to ±3,940 SF for a total of ±27,834 SF, in the heart of the Sierra Nevada foothills. The sale of thirteen condominiums at 1020 & 1050 Whispering Pines Lane (“the Properties”) is an opportunity to acquire a portfolio with ±85% occupancy in the best-looking and best-built project in Grass Valley. The Properties are centrally located and offer good access to Highway 49. The Properties are offered at $4,481,000 ($161/SF), representing a 6.5% cap rate on existing and proforma rental income. These thirteen condominiums at 1020 & 1050 Whispering Pines Lane offer the opportunity to acquire a highly desirable, multi-tenant industrial project with steady cash flow from tenants who have occupied these Properties ranging from approximately 3 to 21 years. The Grass Valley market is highly desirable for small businesses serving the regional area and demand for these industrial properties remains robust. The high cost to build similar properties nearly eliminates near term competition from new development.