Rare Light Industrial Purchase Opportunity

Listing was updated at: 07/31/2019
Property Overview
Price/Rent PSF $ 675,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 4,500
Date Available 07/31/2019
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Parking 10
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Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe & Sacramento. Located below the snow line & above the fog for the perfect 4-season climate. Within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacto & UN Reno) & 2 intl. airports (Sacto & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video tech, digital media & other high-tech industries, balanced by national-caliber arts & entertainment sectors. With superb schools & multiple national awards relating to unbeatable quality of life, the region continues to attract residents & businesses from nearby Sacramento & the Bay Area.
The subject property is located in the Loma Rica Industrial Park, a 250+ acre business park adjacent to the Nevada County Airport. The park is a primary employment center for Nevada County with more than 20% of all county manufacturing jobs located in this area.

Four contiguous industrial condos located at the prime front corner of the highly desirable Airpark Industrial Condominium complex, located only one block from the Nevada County Airport and currently serving as Seller's medical device machining facility. Seller's move out of state creates this rare purchase opportunity in a supply-contrained market with industrial vacancy under 3%. 4500 total SF with a bright corner office of 750 SF connecting to an efficient shop space of 3750 SF. The entire complex is fully conditioned and the shop area has accoustical drop ceiling throughout at 10.5' high, however, clear height in the building ranges from 19'-23', should more height be necessary. Three 200-amp 3-phase electrical services, with potential for four. One on-grade truck door of 12'x14', with the property framed to accommodate two additional truck doors if desired. Professionally managed with low association dues of only $100/unit, which covers roof, exterior, common area/landscape/parking maintenance, water, sewer & structure insurance. Nothing of this quality or type on the market!