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12731 Loma Rica Dr. 12731 Loma Rica Dr

12,000 SF 100% Leased Industrial Building Grass Valley, CA 95945 £793,764 (£66/SF)

Investment Highlights

  • Fully occupied 8-unit light industrial investment for value-add buyer or user.
  • Receivership forces sale.
  • All M2M leases at rents 50% below market.
  • Two 6,000 SF metal buildings on 1.31 acre parcel.

Executive Summary

12731 Loma Rica Dr consists of two 6,000 SF metal multi-tenant front-load light industrial buildings totaling 12,000 square feet, built in the late 1970s and situated on a single parcel of 1.31 acres. Each building contains 4 tenant spaces, each with 100A 3 phase electrical service. The property is being sold by a receiver under court authority and will be sold AS-IS, WHERE-IS and without warranty. The property is currently fully occupied by 4 tenants all on month-to-month leases at rents approximately 50% below market representing an outstanding opportunity for substantial future rental upside. This value-add offering is situated in Grass Valley's primary industrial park only blocks from the Nevada County Airport.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts Under Contract

Price £793,764
Price Per SF £66
Sale Type Investment or Owner User
Sale Conditions Distress Sale
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class C
Lot Size 1.31 AC
Rentable Building Area 12,000 SF
Number of Floors 1
Year Built 1979
Parking Ratio 2.75/1,000 SF
Clear Ceiling Height 14 ft
Level Access Doors 8

Amenities

  • Roof Lights

Utilities

  • Lighting
  • Gas - Propane
  • Water - County
  • Sewer - Septic Field
  • Heating

zoning

Zoning Code M1-SP (Light Industrial - Site Performance)
M1-SP (Light Industrial - Site Performance)
  • Listing ID: 33403681

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 12731 Loma Rica Dr, Grass Valley, CA 95945

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