350 Crown Point Circle
Value-Add Class A Office | 7.42% Cap Potential | Owner-User or Investor Opportunity | Grass Valley
Marketing description
Tucker Commercial is pleased to offer 350 Crown Point Circle, a two-story, multi-tenant Class A office building in Grass Valley’s prestigious Whispering Pines Business Park.
Totaling 14,847 SF on 1.51 acres with 60 parking spaces (4.04/1,000 SF), the property is currently 68% occupied and presents a compelling opportunity for both owner-users and investors. Owner-users can occupy up to 11,675 SF immediately while offsetting costs with in-place income. Investors benefit from below-market rents (average $1.13/SF NNN vs. $1.50/SF NNN market) and value-add lease-up potential. At market rents, the property stabilizes at a 7.42% cap rate, offering strong long-term returns.
Anchored by Edward Jones on a lease through May 2028 with a 5-year renewal option, the building features ten suites (378 SF – 5,041 SF), meeting strong demand from small office users in Western Nevada County. Priced at $3,000,000 ($202/SF), 350 Crown Point Circle represents a rare chance to acquire a well-maintained, value-add office property in one of Grass Valley’s most desirable business parks.
Investment highlights
- Owner-user potential – Up to 11,675 SF available immediately
- Value-add upside – Current rents 24.6% below market
- Stabilizes at a 7.42% cap rate at market rents
- Edward Jones anchor tenant – Lease through May 2028 + renewal option
- Flexible suite sizes – 378 SF to 5,041 SF, ideal for small users
- Strong parking ratio – 60 spaces (4.04/1,000 SF)
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
