Coldwell Banker Commercial Grass Roots Realty is pleased to present 464 & 468 Sutton Way, a rare owner-user or investment opportunity in Grass Valley’s Brunswick Basin, the dominant trade area for Western Nevada County. The property totals ±19,496 square feet across two parcels, including a ±1.01-acre lot at 292 W. Olympia Park Circle. Current tenancy includes 1849 Brewing Company (±5,682 SF), providing stable in-place income, while The Union Newspaper (±13,814 SF) will vacate at the end of 2025, creating the opportunity to control a large contiguous block of office and warehouse space in one of the market’s most visible commercial corridors.
For an owner-user, the property offers an attractive cost basis, excellent visibility along Sutton Way, a functional mix of office and warehouse with 46 parking spaces, and additional development capacity on the Olympia Park parcel. For investors, the deal provides stable cash flow with significant upside through re-tenanting at conservative market rents, with underwriting supporting an 8.8% stabilized return on cost. In addition, an approved condominium tentative map introduces the option for a phased sell-off or break-up strategy, unlocking pricing premiums from smaller users and investors. High barriers to entry, limited land availability, and elevated construction costs further reinforce the long-term investment thesis.
See Data Room to access Offering Memorandum.