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23,137 SF Fiber-Lit Building 900 E Main St

23,137 SF Office Building Grass Valley, CA 95945 $4,670,399 CAD ($202 CAD/SF)

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Investment Highlights

Strong cash-flow and diversified rent roll with value-add opportunity, or owner user. Possible Owner Financing.
Three-story, 23,130 SF elevator-serviced, fiber-lit building, and networked throughout.
Reliable power located on the hospital power grid with secure underground parking and 21 individual storage units.

Prime location close to Sierra Nevada Memorial Hospital, Sierra College and historic downtown.
Favorable and flexible NC-FLEX Zoning allows for future use: Multifamily, Hospitality, Mixed Use & much more.
Centrally located 50 minutes to the Sacramento airport and 60 minutes to Lake Tahoe.

Executive Summary

Freshly painted, beautiful, well maintained, three-story, elevator serviced, 23,130 SF multi-tenant office building centrally located in Grass Valley, California, the largest city in the western region of Nevada County, and only 64 miles from the Sacramento International Airport. The property overlooks the Nevada County Golf Course and is a short distance to Sierra College and the Sierra Nevada Memorial Hospital (0.4 miles). The Sierra Nevada Hospital is a major regional hospital owned by Dignity Health specializing in cancer care, heart and vascular care, neurological care, orthopedics, and women's health. Also known for technology and high tech manufacturing, other notable Grass Valley companies nearby include Texas Instruments, General Dynamics, Linear Technology, and many others. Extensive work and upgrades have been completed on the building, including the installation and networking of fiber throughout the building and a fully remote/automated HVAC system. Solid cash flow and diverse tenant mix. Preferential zoning:(NC-Flex) allows for a wide range of uses including hotel, retail, medical, multi-family (20 Units/Acre) , office, live/work, mixed-use & more. Tremendous opportunity for an owner-user or investment property. Possible (partial) owner financing.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

23,137 SF

Building Class

Year Built

2003

Price

$4,670,399 CAD

Price Per SF

$202 CAD

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

7,710 SF

Building FAR

0.50

Land Acres

1.06 AC

Zoning

NC-FLEX - (NC-Flex) allows for a wide range of uses including hotel, retail, medical, multi-family (20 Units/Acre) , office, live/work, mixed-use & more.

Parking

69 Spaces (2.98 Spaces per 1,000 SF Leased)