810 Whispering Pines Lane, Grass Valley, CA 95945

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1988

A dedicated cold storage building, fully leased since 1988 by dairy product distributor. Full drive-around truck access with loading dock capability on 3 sides. Large almost 1 acre site allows easy maneuvering, parking and storage. Includes +-637sf office, 3 cold-storage bays totaling +-3528sf, +-932sf of dock-high loading area & 600+ SF additional mezzanine storage. Fully sprinklered w/ both wet and dry systems, 800amp 3 phase power, natural gas & more. Recent 4-year lease in place with annual full CPI rental escalations. Outstanding investment opportunity priced at over a 9% cap! This property is currently In Escrow, back-up offers welcome.

• +- 5,000 SF dedicated cold storage building.
• 20+ year occupancy history with dairy distributor.
• Single tenant modified net lease at +-8.8% cap.
• Recent 4-year lease to 8/31/15 w/ 2-yr option.
• Specialized improvements provide lease security.