Listed by Tucker Commercial
$2,850,000
870 Gold Flat
Details
APN 037-050-050-000
Property Type Office, Industrial
Sub Type Flex, Warehouse
Square Footage 29,088
Units 4
Cap Rate 9.00%
Occupancy 55%
Tenancy Multi
Lease Type Gross
Class B
Year Built 1985
Buildings 2
Stories 2
Acreage 6.380
Zoning EC-NevCty
Parking Spaces 45 spaces
Parking Per SqFt 1.55
Loading Docks 1
FOR SALE | PRIME LOW COVERAGE MULTI-TENANT OFFICE/R&D | ASSET WITH IN-PLACE INCOME
Marketing description
Prime Low-Coverage Multi-Tenant Office/R&D Asset with In-Place Income Perfect For Owner-User or Value-Add Investor
Tucker Commercial is pleased to present 870 Gold Flat Rd, a 29,088 SF multi-tenant office/R&D/industrial building on 6.38 acres in Nevada City, CA. Priced at $2,850,000 ($97.97/SF), the property is offered at a significant discount to replacement cost and presents a compelling opportunity for owner-users or value-add investors.
Currently 55% occupied, the property produces ~$16,000/month in rental income with ~13,000 SF of high-quality office space available for immediate use. An owner-user could occupy the vacant space while offsetting costs with in-place income, or an investor could lease up the vacancy to achieve a pro forma cap rate of approx. 9.0%.
Investment highlights
- 29,088 SF on 6.38 acres
- Offered at $97.97/SF
- ~13,000 SF available for immediate occupancy
- 2 long-term tenants in place generating stable income
- Flexible layouts with open office areas, private offices, vaulted ceilings, and a commercial kitchen
- High-capacity owned solar system + backup generator
- Ample parking, 3 roll-up doors, and strong circulation
- Potential for additional development on low-coverage site (FAR 0.19)
Listing Contacts
Listed by Tucker Commercial
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Zoning
EC SpecialEmployment Center
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