Property consists of three first class office buildings, featuring 4 separate, condomiumized units across 7,781 SF. The Property was delivered in 2007, which makes it one of the newest office projects in Western Nevada County. Each space has been finished as Class A'' office with functional floorplans and top of the line finishes. Currently 100% occupied, however suite 101 will be vacated as of 1/1/2021. The Property is a one of a kind opportunity for either an investor or owner user; currently the Project's Net Operating Income is approximately $123,000 which equates to just north of a 7% cap rate. Suite 101 is highly leasable with a functional and flexible layout capable of accommodating many different uses, additionally, the in-place rent is approximately 10% below market rent, allowing an investor to increase yield by leasing the suite at today's rates.
Listing Agent: Tyson Tucker Courtesy of: Coldwell Banker Grass Roots Realty The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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