12506-12526 Loma Rica Drive

    Grass Valley, CA 95945
    • $2,700,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 20014666
    UPDATED: 36 min ago
    $2,700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Extremely rare opportunity to acquire a 19,807SF, light industrial business park in the heart of GV's industrial submarket, the Loma Rica Business Park. The Project is 100% occupied, with a diversified rent roll, both in terms of unit sizes & business type. The Property contains a total of 16 units, ranging in size from 800-3,600SF & averaging 1,415SF, spread across 3 buildings on 1.65 acres (0.28 FAR). 66% of the Projects total SF is contained in units 1,063SF or smaller - the most active segment of the market. As of 1-23-20, the vacancy rate for the Grass Valley industrial market was 1.3% (CoStar), while the vacancy rate for unit sizes below 2,000SF significantly outperforms the rest of the market & is well below 1%. Each unit contains a main door, roll-up door, & private bathroom. The Project's office ratio has been kept to a minimum (approximately 5%-10%) allowing an investor the ability to capture the robust demand for small industrial space with very little turnover time or cost.

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    © 2020 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 2020-03-28T22:38:07.023. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.tlcrealtors.com/homes/103989981

    12506-12526 Loma Rica Drive Grass Valley, CA 95945

    • Price: $2,700,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 20014666
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Grass Valley
    County:
    Nevada
    Area:
    Grass Valley
    Property Description
    Extremely rare opportunity to acquire a 19,807SF, light industrial business park in the heart of GV's industrial submarket, the Loma Rica Business Park. The Project is 100% occupied, with a diversified rent roll, both in terms of unit sizes & business type. The Property contains a total of 16 units, ranging in size from 800-3,600SF & averaging 1,415SF, spread across 3 buildings on 1.65 acres (0.28 FAR). 66% of the Projects total SF is contained in units 1,063SF or smaller - the most active segment of the market. As of 1-23-20, the vacancy rate for the Grass Valley industrial market was 1.3% (CoStar), while the vacancy rate for unit sizes below 2,000SF significantly outperforms the rest of the market & is well below 1%. Each unit contains a main door, roll-up door, & private bathroom. The Project's office ratio has been kept to a minimum (approximately 5%-10%) allowing an investor the ability to capture the robust demand for small industrial space with very little turnover time or cost.
    Exterior Features

    Construction Metal Door Roll Up Exterior Metal Location Other-Rmks Miscellaneous Features Other-Rmks Parking Open Roof Other-Rmks Stories 1 Story

    Interior Features

    Air None Floor Concrete Slab Heat Other-Rmks Loading Drive-In Sq Ft Space1 0 Sq Ft Space2 0 Sq Ft Space3 0 Sq Ft Space4 0

    Property Features

    Amenities 1 Restroom Per Unit Commercial Type Industrial Income Other-Rmks Lease Terms Lease Gross Other Expenses Other-Rmks Price Per Sq Ft Space1 0.00 Price Per Sq Ft Space2 0.00 Price Per Sq Ft Space3 0.00 Price Per Sq Ft Space4 0.00 Special Listing Condition None Tenant Pays Other-Rmks Transaction Type Sale Year Lease Space1 0 Year Lease Space2 0 Year Lease Space3 0 Year Lease Space4 0 Zoning I

    Listing provided courtesy of Coldwell Banker Grass Roots Realty. Listing information © 2020 MetroList Services, Inc.


    © 2020 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 2020-03-28T22:38:07.023. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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