350 Crown Point Cir - Office FOR SALE


Grass Valley, CA 95945
$3,000,000 USD
530-272-7222
350 Crown Point Cir, Grass Valley, CA for Sale
$3,000,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

350 Crown Point Cir
Grass Valley, CA 95945


HIGHLIGHTS

  • Owner-user potential – Up to 11,675 SF available immediately
  • Value-add upside – Current rents 24.6% below market
  • Stabilizes at a 7.42% cap rate at market rents
  • Edward Jones anchor tenant – Lease through May 2028 + renewal option
  • Flexible suite sizes – 378 SF to 5,041 SF, ideal for small users
  • Strong parking ratio – 60 spaces (4.04/1,000 SF)

OVERVIEW

Coldwell Banker Commercial Grass Roots Realty is pleased to offer 350 Crown Point Circle, a two-story, multi-tenant Class A office building in Grass Valley’s prestigious Whispering Pines Business Park. Totaling 14,847 SF on 1.51 acres with 60 parking spaces (4.04/1,000 SF), the property is currently 68% occupied and presents a compelling opportunity for both owner-users and investors. Owner-users can occupy up to 11,675 SF immediately while offsetting costs with in-place income. Investors benefit from below-market rents (average $1.13/SF NNN vs. $1.50/SF NNN market) and value-add lease-up potential. At market rents, the property stabilizes at a 7.42% cap rate, offering strong long-term returns. Anchored by Edward Jones on a lease through May 2028 with a 5-year renewal option, the building features ten suites (378 SF – 5,041 SF), meeting strong demand from small office users in Western Nevada County. Priced at $3,000,000 ($202/SF), 350 Crown Point Circle represents a rare chance to acquire a well-maintained, value-add office property in one of Grass Valley’s most desirable business parks.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

SP1A

APN/PARCEL ID

009-700-037-000,009-700-039-000

ASK ABOUT THIS PROPERTY

Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

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Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

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