10642 Pioneer Trl - Freestanding FOR SALE


Truckee, CA 96161
$6,500,000 USD
530-318-8158
10642 Pioneer Trl, Truckee, CA for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/23
null | 6.08% Cap Rate

10642 Pioneer Trl
Truckee, CA 96161


HIGHLIGHTS

  • The Rock Garden Building anchor tenant is operated by national parent company Outdoor Living Supply
  • Substantial income generation through 2032 with two additional 10-year options to extend
  • Annual rent bumps up to 5% including options to extend
  • The Rock Garden continues to be the preferred choice of architects, contractors, & homeowners in Tahoe-Truckee since 1998
  • Located in the heart of Truckee’s most prominent commercial industrial area

OVERVIEW

Exceptional investment opportunity at Truckee’s prominent Pioneer Commerce Center. The Rock Garden anchor tenant, operated by national parent company Outdoor Living Supply, provides substantial income generation through 2032 with two 10-year options to extend. As the local source of natural stone, hardscaping materials, outdoor supplies and bulk materials, The Rock Garden continues to be the preferred choice of architects, contractors, and homeowners in Tahoe-Truckee since 1998. The high visibility 14,618 SF building includes a 12,134 SF 1st floor retail area, storage area with office and mezzanine, two metal roll-up doors, and second level office space. Potential owner use for the 2,484 SF (now currently month-to-month) upper office space with conference room, separate kitchen area and restrooms. This level 3.69-acre property offers an enclosed materials storage area, asphalt paving, a fenced yard, mature landscaping and abundant on-site parking. The Rock Garden is in the heart of Truckee’s most prominent commercial industrial area, adjacent to Interstate 80 and only 5 minutes from Truckee Tahoe Airport. The property is served by public utilities and zoned for Service-Commercial use by the Town of Truckee. Note - NOI includes 1st floor absolute NNN anchor tenant (12,134 SF), plus month-to-month tenant on 2nd floor (2484 SF), assuming upstairs tenant pays CAM fees (NNN).

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rock Garden - Truckee CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Showroom, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.69 AC

LAND SF

160,736 SF

ZONING

Commercial Service

APN/PARCEL ID

019-420-046-000

ASK ABOUT THIS PROPERTY

Ron HemigSierra Sotheby's International RealtyMore Info
530-318-8158

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Ron HemigSierra Sotheby's International RealtyMore Info
530-318-8158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.