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    1740 E Main

    Grass Valley, CA 95945
    • $1,750,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 20067844
    UPDATED: 40 min ago
    $1,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Description

    Property consists of three first class office buildings, featuring 4 separate, condomiumized units across 7,781 SF. The Property was delivered in 2007, which makes it one of the newest office projects in Western Nevada County. Each space has been finished as Class A'' office with functional floorplans and top of the line finishes. Currently 100% occupied, however suite 101 will be vacated as of 1/1/2021. The Property is a one of a kind opportunity for either an investor or owner user; currently the Project's Net Operating Income is approximately $123,000 which equates to just north of a 7% cap rate. Suite 101 is highly leasable with a functional and flexible layout capable of accommodating many different uses, additionally, the in-place rent is approximately 10% below market rent, allowing an investor to increase yield by leasing the suite at today's rates.

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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 2020-11-24T09:38:08.197. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.tlcrealtors.com/homes/111757615
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    1740 E Main Grass Valley, CA 95945

    • Price: $1,750,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 20067844
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2006
    Built
    Neighborhood:
    Grass Valley
    County:
    Nevada
    Area:
    Grass Valley
    Property Description
    Property consists of three first class office buildings, featuring 4 separate, condomiumized units across 7,781 SF. The Property was delivered in 2007, which makes it one of the newest office projects in Western Nevada County. Each space has been finished as Class A'' office with functional floorplans and top of the line finishes. Currently 100% occupied, however suite 101 will be vacated as of 1/1/2021. The Property is a one of a kind opportunity for either an investor or owner user; currently the Project's Net Operating Income is approximately $123,000 which equates to just north of a 7% cap rate. Suite 101 is highly leasable with a functional and flexible layout capable of accommodating many different uses, additionally, the in-place rent is approximately 10% below market rent, allowing an investor to increase yield by leasing the suite at today's rates.
    Exterior Features

    Construction Other-Rmks Door Other Exterior Other-Rmks Location Other-Rmks Miscellaneous Features Other-Rmks Parking Open Roof Other-Rmks Stories 2 Story

    Interior Features

    Air Other-Rmks Floor Other-Rmks Heat Other-Rmks Loading Other-Rmks Sq Ft Space1 0 Sq Ft Space2 0 Sq Ft Space3 0 Sq Ft Space4 0

    Property Features

    Amenities Other-Rmks Commercial Type Office Income Other-Rmks Lease Terms Other-Rmks 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 Office

    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 2020-11-24T09:38:08.197. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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