110 Spring Hill Drive #10-13
Grass Valley, CA 95945

Great Opportunity for Investors or Owner/Users. Investors can buy these industrial condos & have the security of up to one year of seller guaranteed rental income while a new tenant can be secured. Proforma Cap Rate is 5.1. Owner/Users can enjoy 4 Industrial Condos combined into 1 unit that totals 7,904 sf. These high bay units have approximately 7,464 sf of warehouse & 440 sf of office. The warehouse has 18' high ceilings, hi-bay LED lighting , Reznor gas heaters, 3 - 12 x 12 roll up doors, fire sprinklers, 100-amp electrical service & the exclusive use of a 2,400 sf fenced outdoor yard area adjacent to the units. Potential exists to add up to 400 amps of power if needed. This opportunity is located within the city limits & close to downtown Grass Valley at 110 Springhill Drive units 10 - 13. Zoned M-1 which allows for a variety of light industrial & warehouse uses. Easy truck access & close to the freeway makes this a perfect property for your business. The property is well maintained with an Owner's Association in place to cover hazard insurance, parking lot maintenance, water, sewer, & roof. The roof was replaced approximately 2 years ago. The Owner's Assn. fees include the repayment for the roof and will decrease once the roof is paid off.