316 S Auburn St - Medical FOR SALE


Grass Valley, CA 95945
$1,381,000 USD
530-272-7222
316 S Auburn St, Grass Valley, CA for Sale
$1,381,000 USD
Medical - FOR SALE
1/15
null | 6.14% Cap Rate

316 S Auburn St
Grass Valley, CA 95945


HIGHLIGHTS

  • Fully Leased Medical/Professional Office in the heart of downtown Grass Valley

OVERVIEW

Fully leased multi-tenant medical/professional office investment in the heart of Grass Valley. 316 S. Auburn Street offers approximately 6,981 SF in three well-maintained buildings situated on approximately .58 acres with an exceptional 31 dedicated parking spaces. The property consists of six suites, all currently occupied, providing an established income stream with a combination of longer-term leases and month-to-month tenancies that may offer future rental upside. Tenants pay their own separately metered gas and electricity, while the landlord pays water/sewer, garbage and other property operating expenses. The seller has maintained the property with pride of ownership, including significant recent HVAC improvements, a well-maintained roof and exterior, and an owned 11.1 kW photovoltaic solar system installed in 2021 serving suites 6 & 7 (combined suite). Public records show buildings constructed 1958, 1959 & 1981 w/multiple remodels over the years. Current scheduled rental income is approximately $122,892 annually. Excellent parking, established tenancy and a flexible multi-suite configuration make this an attractive opportunity for an investor seeking a stabilized medical/professional office asset in Grass Valley. Offered at $1,381,000. Offering Memorandum and financial information available to qualified buyers with signed NDA. Pictures (82)

FOR SALE DETAILS

PRICE

$1,381,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C

APN/PARCEL ID

008-510-041-000

ASK ABOUT THIS PROPERTY

Diann PattonColdwell Banker Comm. G.R. RealtyMore Info
530-272-7222

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Diann PattonColdwell Banker Comm. G.R. RealtyMore Info
530-272-7222

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