110 Spring Hill Dr
Grass Valley, CA 95945

• Unit Size: 7,904 SF
• Condo Use: Industrial
• Price: $995,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $125.89 USD

Description

Great Opportunity for Investors or Owner/Users. 

Investors will love the easy to manage single-tenant personally guaranteed lease with a return on cost of +-6.4% and the ability to increase rent to market in Oct. 2025 thereby increasing return. 

Owner/Users can purchase now and enjoy immediate income while either planning for a move in Oct. 2025 at the expiration of the current lease, or further extending the existing lease.  The offering is four Industrial Condos combined into one unit that totals 7,904 sq. ft. These high bay units have approximately 7,464 sq. ft of warehouse and 440 sq. ft. of office. The warehouse space has 18’ high ceilings, hi-bay LED lighting system, Reznor gas heater, three 12 x 12 roll up doors, fire sprinklers, 100-amp electrical service and the exclusive use of a 2,400 sq. ft fenced outdoor yard area adjacent to the units. 

This opportunity is located within the city limits and close to downtown Grass Valley at 110 Springhill Drive units 10 – 13. Zoned M-1 that allows for a variety of light industrial and warehouse uses. Easy truck access and close to the freeway makes this a perfect location for your business. 

The property is well maintained with a strong Owner’s Association in place to cover hazard insurance, parking lot maintenance, water, sewer, and roof. The roof was replaced approximately 2 years ago.

Sale Notes

Presenting a hard to find investor or owner/user industrial property of 7,904 SF, consisting of 4 contiguous industrial condominiums functioning as one unit, with +-440 SF of custom office space and the remainder high-cube open work space served by large 12'x12' roll-up doors.  The subject property is part of a +-43,000 SF complex located only 1/2 mile from Highway 49 and consisting of owners and tenants in a variety of businesses from contractors to beer making. The offered units are situated at the most spacious corner of the complex and include a 2400 SF fenced yard space including 900 SF under cover.  Enjoy worry free ownership with an owner's association responsible for roof and common area maintenance.  The M-1 zoning allows for today's most in-demand uses including self-storage, warehousing, manufacturing, retail, auto/RV/equipment sales, rentals & repairs, machine/cabinet shops, contractor yard, medical uses and much more. The property is fully leased until 10/31/25, providing an owner/user buyer with immediate income while planning for a move-in at lease end (or extending the existing lease as desired). In-place net operating income is approximately $64k/year.