Listed by Cushman & Wakefield - Sacramento, California
$4,250,000
2556 Grass Valley Hwy
Details
APN 052-071-005
Property Type Retail
Sub Type Commercial
Square Footage 20,750
Net Rentable (SqFt) 20,750
Cap Rate 7.11%
NOI $302,177
Occupancy 94%
Tenancy Multi
Brand/Tenant Big 5, Susan Bowman
Pro-Forma Cap Rate 7.52%
Pro-Forma NOI $319,556
Year Built 1988
Year Renovated 2022
Stories 2
Acreage 1.400
Zoning CPD (Commercial Planned Development)
Parking Spaces 3.78 per 1,000 sq ft
7.11% CAP | Anchored Center | Below Replacement Cost
Marketing description
For Sale
Investment highlights
- Excellent Highway Visibility: Located Directly Off Highway 49, the Site is Ideally Positioned for Large Traffic Volume Daily, Maximizing Potential Visibility. This Location is Also Convenient for Drivers to Exit and Access Quickly.
- Recent Improvements: in 2021, an Elevator Was Installed to Ensure Ada Accessibility to the Second-floor Suites, and the Balcony Was Renovated to Comply With Ada Standards. That Same Year, the Landscaping Was Refreshed, and New Exterior Led Lighting Was Added. the Building Received a Fresh Coat of Paint in 2022.
- Varied Tenant Portfolio: a Varied Tenant Portfolio Provides Investors With Enhanced Security by Spreading Risk Across Multiple Business Sectors.
- Long Term Tenants: Long-term Tenants Contribute to the Property’s Financial Stability, Backed by a Strong History of Consistent Occupancy. Big 5 Has Been a Tenant for 29 Years, Papa Murphys for 19 Years, and California Tan for 17 Years.
- Submarket: Auburn/Loomis
- Site Size: 1.4 AC (60,983 SF)
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$302,177.00
$25,181.42/mo
Valuation Metrics
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DSCR
7.11%
Cap Rate
7.11%
ROI
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