Commercial Real Estate in Nevada County, CA

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Recent Commercial Real Estate Activity
Coldwell Banker Grass Roots Realty Commercial

Address Property type Transaction Date Sales Price  Square Footage P/SF Bullet Points
2600 Sunset
Rocklin, CA		 Retail  Jan-15 1,600,000  10,000  $160.00
  • Represented Buyer in extremely competitive environment
  • Negotiated a credit on Buyer's behalf
  • 6.99% actual cap rate at 88% occupancy, profroma 9% cap
    		•
    1205 D St.
    Marysville, CA     		 Office Dec-14 504,000  4,700  $107.23
  • Single tenant Net Leased Building (Tenant: AAA of Northern CA, UT, NV)
  • Purchased at 10% cap rate with over three years left on term
  • Property consists of a approximately 4,700 SF office building and almost an acre of land on Lake Ellis
    		•
    Medical Office Condo Medical Office Nov-14 201,000  1,743  $115.32
  • Represented Buyer and Seller
  • Sold for above list price
    		•
    Downtown GV Retail
    109 W. Main St.
    Grass Valley, CA 95945    		 Retail  Oct-14 250,000  2,250  $111.11
  • Represented Buyer and Seller
  • Vacant at the time of sale
  • Succesfully negiotated Use Agreement for shared back patio
    		•
    Greenbriar Apartments I
    204 King Hiram Lane
    Nevada City, CA 95959    		 Multi-Family  Sep-14  $2,625,000  26,000  $100.96
  • Rare 26 unit apartment complex in Nevada City
  • Off market deal - represented both Buyer and Seller
  • Successfully priced/underwrote the transaction resulting in aggressive bank financing
  • Traded at a 5.70% cap on actuals, with some room for rental rate increases
    		•
    Former Sierra Video Systems Headquarters
    104 New Mohawk Rd.
    Nevada City, CA 95959    		 Office/R&D Jun-14  $1,600,000  26,600  $60.15
  • 26,600 SF, 2 story R&D Building located in Nevada City's Tech Corridor
  • Vacant at the time of purchase
  • Represented Buyer and Seller and successfully negotiation Seller Financing
  • Purchased 50% of replacement cost
    		•
    Northern Queen Inn
    400-420 Railroad Ave
    Nevada City, CA 95959    		 Hospitality  Jun-14  $3,510,000  50,000  $70.20
  • Largest Full Service Hotel in Western Nevada County
  • Nevada City Landmark
  • 45 rooms, plus 20 independent senior care apartments located on over 11 acres with freeway signage/frontage
  • Successfully represented Buyer in acquiring the asset at a deep discount relative to its replacement cost
    		•
    13212 Rattlesnake Rd.
    Grass Valley, CA 95945    		 Multi-Family  May-14  $406,000  2,300  $176.52
  • Two single family rental units
    •  
    Main St. Offices
    406-412 East Main Street
    Grass Valley, CA 95945    		 Office Apr-14  $714,000  7,700  $92.73
  • Two (2) Well located, 2001 constructed multi-tenant office buildings
  • Building has three (3) larger office suites (1,000 SF - 1,500 SF) with the remaining offices leased out on an individual basis
  • Received leasing assignment along with sale listing and increased occupancy from 65% to 85% in a three month period, maximizing proceeds to Seller
  • 8% Cap Rate
    		•
    Converted Nevada City Victorian
    402 Lower Grass Valley Rd.
    Nevada City, CA 95959    		 Office Mar-14  $290,000  2,300  $126.09
  • 1910 Constructed Victorian in Nevada City
  • Converted to Office Space
  • Represented Seller
  • Project located on large (.87 acre) lot with great access and freeway frontage
  • Favorable zoning designation allowed for industrial users
    		•
    USFS Service Office
    22380 Foresthill Road
    Foresthill, CA 95631    		 Office Feb-14  $1,500,000  6,830  $219.62
  • Single Tenant Office Building Occupied by USFS Field Office for Tahoe National Forest
  • 9 Years remaining on lease term
  • 8.2% Cap Rate
  • Represented Buyer
    		•
    675 South Auburn Street
    Grass Valley, CA 95945    		 Office Feb-14  $180,000  1,690  $106.51
  • Free Standing, two (2) story office building with 9 exclusive parking spots
  • Represented Buyer and Seller
  • Buyer moved tech company from Auburn to Grass Valley
    		•
    1025 Idaho Maryland
    Grass Valley, CA 95945    		 Industrial  Oct-13  $135,000  1,200  $112.50
  • Represented Seller (Bank of America) and Buyer
  • 1,200 SF of improvements on a flat one acre lot in Grass Valley city limits
    		•
    Maltman Retail Center
    671 Maltman Dr.
    Grass Valley, CA 95945    		 Retail  Oct-13  $907,000  9,650  $93.99
  • 6 unit retail strip in the Brunswick Basin
  • 100% Occupied
  • 7.5% cap on actuals
  • Undermarket rents at the time of purchase (stabilized 9.5% cap rate)
    		•
    Airpark Industrial Condominiums
    12293-95 Loma Rica Drive
    Grass Valley, CA 95945    		 Industrial  Sep-13  $270,000  2,700  $100.00
  • Two (2) 2005 Constructed 1,350 light industrial units
  • Represented Developer/Seller and Buyer
    		•
    USFS Tahoe National Forest Headquarters
    631 Coyote St.
    Nevada City, CA 95959    		 Office  Aug-13  $2,400,000  32,000  $75.00
  • Single Tenant Net Leased Property
  • 32,000 SF ($75/SF)
  • 9% Cap Rate
  • 5 Year Renewal signed prior to close
  • Represented Buyer
    		•
    Cold Storage Facility
    810 Whispering Pines
    Grass Valley, CA 95945
    		 Industrial  Jul-13  $350,000  4,500  $77.78
  • Single Tenant NN Lease Property
  • 10% cap rate
  • 3 years remaining on term
  • One of very few cold storage facilities in Western Nevada County
  • Represented Buyer
    		•
    Springhill Industrial Condominiums
    110 Springhill Dr.
    Grass Valley, CA 95945    		 Industrial  Jun-13  $249,500  3,200  $77.97
  • 3,200 SF industrial condo with two (2) 14' roll up doors and loading dock
  • Represented Seller
    		•
    10339 E. Bennett
    Grass Valley, CA 95945    		 Industrial  May-13  $675,000  5,000  $135.00
  • Underutilized small industrial complex
  • Represented Buyer in relocation of business
    •  
    1793 E. Main St.
    Grass Valley, CA 95945    		 Office May-13  $187,500  2,388  $78.52
  • Represented bank in REO sale
  • converted from retail to office
    		•
    622 South Auburn St.
    Grass Valley, CA 95945    		 Office Mar-13  $185,000  1,250  $148.00
  • Small office building with 8 private parking spaces
  • Represented Seller
  • Building was converted from medical to office
    		•
    2325 El Camino
    Sacramento, CA95821    		 Office Jan-13  $312,000  2,500  $124.80
  • Represented Buyer in relocation of law firm
  • Building in excellent condition
  • Good access to I-80
    		•
     
    		 
         
         
      Jon Blinder | 855 Sutton Way, Grass Valley, CA 95945 | Tyson Tucker  
         
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