Coldwell Banker Commercial Grass Roots is pleased to present 12077 State Highway 49 — a fully leased, low site coverage (4.6%) Industrial Outdoor Storage (IOS) investment on ±2.45 acres in Grass Valley, CA, offered at an 8.00% cap rate on in-place income. The property features a 4,900 SF concrete block building, which is comprised of a renovated 3BR/2BA apartment and 3,300 SF warehouse with three drive-through bays, ±68,225 SF of fenced yard space across five distinct yard areas, and a billboard ground lease with income upside. The asset is anchored by Dark Knight Towing, a CHP-approved towing and impound operator under a NNN lease. Additional tenants lease individual yard spaces for in-demand uses such as truck/trailer storage, contractor laydown, and equipment staging—categories experiencing significant supply constraints in the region. Recent capital improvements total over $500,000 and include a new roof, full apartment remodel, upgraded septic system, and security fencing. Strategically located with irreplaceable access and frontage along Highway 49 (45,500 AADT) and La Barr Meadows Rd, the property benefits from strong visibility, diversified income, and future value-add potential via billboard repositioning.