Rare Light Industrial / Flex Building with Loading Dock

400 Crown Point Circle Grass Valley, CA 95945

400 Crown Point Circle, Grass Valley, CA, 95945
Main
400 Crown Point Circle, Grass Valley, CA, 95945
FOR SALE FOR LEASE
Property Type:
Factory
Amount:
$1,725,000
Last Verified:
Jan 07, 2021

Highlights


Description

A +-16,000 SF freestanding light industrial/manufacturing building completed in 1995 and featuring dock-high and grade-level loading, a full fire sprinkler system, 1200A 440V electrical service, two mezzanine storage areas totaling +-3750 SF (not included in the 16,000 SF footprint), 16' clear height warehouse of +-6,172 SF, turbine air compressor, LED lighting and 42 on-site parking spaces, all situated on a spacious 1.8 acre parcel located in the center of Whispering Pines Business Park, the region's largest master-planned business park. Owner/user seller will vacate the building upon sale. Priced at just over $100/sf this property represents an extraordinary opportunity to acquire a rare light industrial building at a deep discount to its replacement cost, and with strong upside potential due to its location in a supply-constrained light industrial market with a vacancy rate of only +-3%. Building also available for lease to a single tenant at $.80/sf NNN.

A +-16,000 SF freestanding light industrial/manufacturing building completed in 1995 and featuring dock-high and grade-level loading, a full fire sprinkler system, 1200A 440V electrical service, two mezzanine storage areas totaling +-3750 SF (not included in the 16,000 SF footprint), 16' clear height warehouse of +-6,172 SF, turbine air compressor, LED lighting and 42 on-site parking spaces, all situated on a spacious 1.8 acre parcel located in the center of Whispering Pines Business Park, the region's largest master-planned business park. Owner/user landlord will vacate the building upon signed lease. Listed at $.80/sf NNN. A 7-year lease to single tenant is preferred. Building also available for purchase at $1,725,000.

Grass Valley (or Nevada City) is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video technology, digital media and other high-tech industries, balanced by national caliber arts and entertainment sectors. With superb schools and multiple national awards relating to unbeatable quality of life, the Grass Valley/Nevada City region continues to attract residents and businesses from nearby Sacramento and the SF Bay Area.
Whispering Pines Business Park is Nevada County’s largest master planned business park situated on 155 acres less than a mile east of Highway 49 and centrally located within Grass Valley. Originating in the late 1980’s, the area currently contains approximately 600,000 square feet of office and light industrial uses in approximately 50 buildings. National tenants include Davita Dialysis, Analog Devices, Grass Valley-Belden and Dignity Health.


Year Built: 1989
Building Size: 19754sq ft
Building Class: B
Lot Size: 1.8 acres

Units for Lease

400 Crown Point Circle
Space Available: 15996 SF
Lease Type: NNN

Price Per Sqft/Year: $9.6

Map of 400 Crown Point Circle, Grass Valley, CA, 95945

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