Prime Low-Coverage Multi-Tenant Office/R&D Asset with In-Place Income Perfect For Owner-User or Value-Add Investor
Tucker Commercial is pleased to present 870 Gold Flat Rd, a 29,088 SF multi-tenant office/R&D/industrial building on 6.38 acres in Nevada City, CA. Priced at $2,850,000 ($97.97/SF), the property is offered at a significant discount to replacement cost and presents a compelling opportunity for owner-users or value-add investors.
Currently 55% occupied, the property produces ~$16,000/month in rental income with ~13,000 SF of high-quality office space available for immediate use. An owner-user could occupy the vacant space while offsetting costs with in-place income, or an investor could lease up the vacancy to achieve a pro forma cap rate of approx. 9.0%.
Tenants include Mini Mania (15+ years) and Ensemble Legacy (20+ years), both with deep operational roots and capital investment in the property
Status | Type | Subtype | County |
|---|---|---|---|
For Sale | Industrial, Office | Flex, R&D, Warehouse | Nevada County |
TJT Realty Inc., DBA Tucker Commercial ("Broker") has been retained by the subject property's ownership ("Owner") in connection with a possible sale of 870 Gold Flat Rd, Nevada City, CA 95959 (the "Property"). Broker, on behalf of Owner, has agreed to make available to the undersigned (the "Prospect") certain "Confidential Information" (hereinafter defined) provided Prospect agrees to all of the terms and provisions of this agreement (the "Agreement"). Prospect desires to receive Confidential Information in connection with the Property, and in consideration of same, the receipt and sufficiency of which are acknowledged, Prospect hereby agrees with Broker and Owner as follows:
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