Nevada Street Plaza
Fully Leased Office Building Offered for Sale
Marketing description
CBRE is pleased to present 470 Nevada Street in Auburn, California, a fully leased and rent current office building that represents an outstanding investment opportunity. This 2-story 31,246 square foot (part of a three building complex on 1.32 acres) Class A office building is meticulously maintained featuring a warranted new (May, 2025) roof that provides a long-term durable space for tenants and an uncommon attractive acquisition opportunity.
In contrast to current securities market volatility and unknown effect of the pending federal tariffs programs, Nevada Street Plaza is a stable cash flow investment reasonably priced and offered for sale by verifiable market comps.
Designed to provide efficient and high-end workspaces, the building caters to the needs of professional tenants. The interior features modern amenities and a thoughtful design that enhances productivity and comfort. Each workspace is equipped with state-of-the-art facilities, making it an ideal choice for businesses seeking a prestigious and functional office space.
This two-story 31,246 SF building sits on .72 acres of a 3 building complex, one mile west of Highway 80. The building’s strategic location in Auburn offers easy access to major transportation routes, local amenities, and business services, further adding to its appeal. If you’re looking to invest in a property that guarantees steady rental income this building delivers on all fronts.
470 Nevada Street is part of a 3 building complex on 1.32 acres. Association shares the cost proportionately to the operation of parking lots and utilities. Current owner of 470 Nevada Street handles association coordination.
Auburn, the county seat of Placer County, is geographically positioned northeast of Sacramento and southwest of Lake Tahoe, nestled in the foothills of the Sierra Nevada mountain range. The city is on the edge of the Auburn State Recreation Area and overlooks the American River Canyon, providing an abundance of outdoor recreational opportunities. Encompassing approximately 7.5 miles, Auburn has a population of around 13,330 and experiences seasonal changes due to its elevation between 1,000 and 1,400 feet. The property offers stunning views of the American River Canyon and access to a wealth of outdoor recreational activities.
Auburn is dedicated to fostering the arts, with vibrant public art, theater, music, dance, and numerous local artists showcasing their work in galleries and businesses. Known for hosting prestigious events like the Western States Endurance Run/Ultra Marathon and the Tevis Cup Ride, Auburn attracts participants and spectators from around the globe. Additionally, the expanding Placer and Nevada County foothills wine regions offer several wine trails, drawing both locals and tourists to enjoy the area’s fine wines.
Explore the unique blend of natural beauty, cultural richness, and strategic location that makes this property in downtown Auburn an exceptional opportunity for commercial real estate investment.
Investment highlights
- Building has two major tenants Nitrogen who occupies 27,340 square feet and has been in the building for 8 years and Ameriprise Financial who occupies 3,906 square feet and have been in the building for 10 years. The building is offered at $8,200,000 ($262 psf) at a 7.47% cap rate.
- Existing tenant improvements are best in class for the best professional office building in Auburn.
- Opportunity to operate a building amenity cafe on second floor.
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