110 Spring Hill Drive Grass Valley, CA $ 795,000
110 Spring Hill Drive
$ 795,000
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110 Spring Hill Drive

Grass Valley, CA, 95945
$ 795,000
Baths0.0 Sq 3,800

Monthly Estimate*

$ 5,284

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Studio

Commercial Property for sale in Grass Valley, CA

for $795,000. This 3,800 square foot building was built in 1989 on a lot size of 0.0386.

110 Springhill Drive units 2 and 3 are comprised of approximately 3000 sf of 2 story office and 2550 sf of warehouse. The property is currently leased to Dignity Health who uses the facility as a mission-critical ambulatory staging/rest area. Dignity has had a long tenancy at the property and has recently extended their lease for an additional 3 years. The in-place rent of the tenant is approximate 23% below market, allowing an investor the ability to significantly increase the cash yield upon Dignity's lease termination. The in-place cap rate is approximately 4.00% and the lease features annual increases. the offering represents great opportunity for an investor to acquire a bite-sized light industrial investment occupied by an investment grade tenant (S%P BBB). Alternatively, the project represents an equally attractive opportunity for an owner-user to buy now and cashflow until Dignity's lease terminates. The property is in a well maintained industrial condo park, OA fees are currently $.26/SF/quarter. The roof was replaced approximately 2 years ago and the OA fees do include a repayment for the roof, OA fees will decrease once the roof is paid off.

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Commercial Active

Price

$ 795,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Industrial

Lot Size

0.0386

Year Built

1989

Town/City

Grass Valley

County/Region

Nevada

MLS | Web ID

223094175

Features
General
Sewer Public Sewer
Heating Central
Cooling Central None MultiZone
Utilities Separate Gas Meter Cable Connected Internet Available Other Natural Gas Connected
Roof Flat
Construction Materials Wood Masonry
Year Built 1989
Electric 1 Phase 150 Amp Service
Tenant Pays None
Stories 0
Topography Level
Levels 0
Unit Number 2/3
Property SubType Industrial
Current Use Varies by Unit Office
Location Airport Nearby Downtown Freeway Nearby Hospital Nearby Hotel/Motel Nearby
Business Type Other
County Nevada
Property Type CommercialSale
Building Features Varies by Unit
Close Price 0.0
Status Active
Directions Idaho- Maryland to Springhill to first right into the PIQ
City Grass Valley
Buyer Agent Compensation 2.5
Zoning Description M1
NumberOfUnitsTotal 0
MLS Area 13105
Lot Size Square Feet 1681.0
Street Name Spring Hill
Property Condition Exterior-Good
Ok to Lease 3 Years
Structure Type Office Industrial Warehouse
Standard Status Active
Year Built Source Assessor Agent-Fill
Buyer Agent Compensation Type Percent
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Interior
Walls Sheetrock Wood
Flooring Carpet Vinyl Concrete Other 0
Office Area 0
Total Stories 0
Street Suffix Drive
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Exterior
Parking Features Other
Water Source Public
Total Parking 0.0
Foundation Details Slab
Number of Buildings 0
Building Area Total 3800.0
Lot Size Acres 0.0386
Lot Size Source Assessor Auto-Fill
Road Frontage Type County Road Freeway Exposure
Parking Ratio 0.0
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Internal Only
Street Number 1 110
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* Excluded Features
List By
Coldwell Banker Commercial Grass Roots Realty

Broker

ttucker@cbcommercialgr.com

Email

Affordability Calculator

$5,284
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,284
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295416 Elementary School
295437 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
9/27/2023 $795,000 Listed Price

Map


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110 Spring Hill Drive, Grass Valley, CA, 95945 is a Commercial Property for sale at $795,000 with 3,800 sqft and a lot size of 0.0386. 110 Spring Hill Drive is a studio with 0.0 baths and was built in 1989. The property's zip code is 95945 which is in Grass Valley, CA