155 Spring Hill DR #106 Active Save Request In-Person Tour Request Virtual Tour
Grass Valley,CA 95945
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224107477
Year Built 2000
Lot Size 1.140 Acres
Property Description
One of four industrial condominium units comprising a +-23,000 SF complex situated on a 1.14 acre common parcel. Units 3 is 9,000 SF consisting of approximately 50% high bay warehouse with 26' ceilings and 2 large roll-up doors, and 50% office/R&D space. This modern concrete tilt-up building was constructed in 2000 and received a new roof in 2021. Unit 3 is currently divided into two rentable areas (but could easily function as one space as well): 1) a 1600 SF high bay manufacturing space with a long-tenured month-to-month tenant at a rent 40% below market; and 2) a 7,400 SF space occupied by a manufacturing/engineering firm that will be leaving the building at year end after a 20-year stint; creating an exciting opportunity for an owner/user buyer to acquire and occupy a facility with both rental income and future expansion capability. The property is poised to benefit from windfall appreciation upon completion of the nearby Dorsey Marketplace Shopping Center and the planned extension of Spring Hill Drive up to Dorsey Dr.
Location
State CA
County Nevada
Area 13105
Interior
Heating Roof Package Joint,Gas,MultiZone,Natural Gas,Other
Cooling Evaporative Cooler,MultiUnits,Roof Package Joint
Flooring Varies by Unit
Exterior
Parking Features Common Area Assigned,Street
Utilities Available Internet Available,Other,Natural Gas Connected
Roof Type Other
Building
Sewer Public Sewer
Water Irrigation District,Public
Others
Special Listing Condition None