7900 SF High-bay Manufacturing/Warehousing Building w/ Yard

110 Spring Hill Dr Units 10-13 Grass Valley, CA 95945

110 Spring Hill Dr Units 10-13, Grass Valley, CA, 95945
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FOR SALE
Property Type:
Warehouse
Amount:
$995,000
Last Verified:
Nov 05, 2024

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Highlights

  • Owner/user and/or investor opportunity: property fully leased to Oct. 2025.
  • 7900 SF high bay industrial with 440 SF custom office. +-$64k NOI.
  • 2400 SF additional fenced yard space.
  • Owner association maintains roof, prop. insurance and common areas.
  • 12' x 12' truck doors; 18' clear height; 100 Amp 3-phase power.
  • Rare owner/user opportunity to control future operating costs and build equity.

Description

Presenting a hard to find investor or owner/user industrial property of 7,904 SF, consisting of 4 contiguous industrial condominiums functioning as one unit, with +-440 SF of custom office space and the remainder high-cube open work space served by large 12'x12' roll-up doors. The subject property is part of a +-43,000 SF complex located only 1/2 mile from Highway 49 and consisting of owners and tenants in a variety of businesses from contractors to beer making. The offered units are situated at the most spacious corner of the complex and include a 2400 SF fenced yard space including 900 SF under cover. Enjoy worry free ownership with an owner's association responsible for roof and common area maintenance. The M-1 zoning allows for today's most in-demand uses including self-storage, warehousing, manufacturing, retail, auto/RV/equipment sales, rentals & repairs, machine/cabinet shops, contractor yard, medical uses and much more. The property is fully leased until 10/31/25, providing an owner/user buyer with immediate income while planning for a move-in at lease end (or extending the existing lease as desired). In-place net operating income is approximately $64k/year.

Grass Valley 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). The local Nevada County economy includes various 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. The subject property is located on a prominent corner with Idaho Maryland Rd only 1/2 mile from Highways 49 & 20.


Year Built: 1989
Building Size: 7904sq ft
Lot Size: 3.08 acres


Documents

Offering Memorandum 110 Spring Hill Units 10-13
GV Zone Comm Indust 10-18.pdf

Map of 110 Spring Hill Dr Units 10-13, Grass Valley, CA, 95945

Presented by:
Sperry Commercial Global Affiliates - Highland Commercial

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