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280 Sierra College Dr 5,665 SF Medical Condo Unit Offered at $3,126,823 CAD in Grass Valley, CA 95945
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.15% |
| Sale Type | Investment |
| Cap Rate | 7.15% |
Description
Tucker Commercial and Colliers present Suite 120 at 280 Sierra College Drive, a 5,665 square foot medical office condominium fully leased to Dignity Health Medical Group, part of CommonSpirit Health. The tenant has occupied the space since 2010, operating a critical family medicine practice serving Western Nevada County and benefiting from close proximity to Sierra Nevada Memorial Hospital.
Sale Notes
This NNN investment offers passive ownership with the tenant responsible for interior maintenance and the association covering exterior and common areas. With a strong 16 year operating history, 3 percent annual rent increases, and limited medical office supply in the submarket, the property provides stable income backed by a leading national health system.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 120 | 5,665 SF | Medical | $3,126,823 CAD ($551.95 CAD/SF) | $223,511.13 CAD |
Unit 120
| Unit Size |
| 5,665 SF |
| Condo Use |
| Medical |
| Price |
| $3,126,823 CAD ($551.95 CAD/SF) |
| NOI |
| $223,511.13 CAD |
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Unit 120
| Unit Size | 5,665 SF |
| Condo Use | Medical |
| Price | $3,126,823 CAD ($551.95 CAD/SF) |
| NOI | $223,511.13 CAD |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| Description | |
| Tucker Commercial and Colliers present Suite 120 at 280 Sierra College Drive, a 5,665 square foot medical office condominium fully leased to Dignity Health Medical Group, part of CommonSpirit Health. The tenant has occupied the space since 2010, operating a critical family medicine practice serving Western Nevada County and benefiting from close proximity to Sierra Nevada Memorial Hospital.</li></ul> | |
| Sale Notes | |
| This NNN investment offers passive ownership with the tenant responsible for interior maintenance and the association covering exterior and common areas. With a strong 16 year operating history, 3 percent annual rent increases, and limited medical office supply in the submarket, the property provides stable income backed by a leading national health system.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 25,000 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 12,500 SF |
| Property Subtype | Medical | Year Built | 2008 |
| Building Class | B | Lot Size | 2.18 AC |
| Zoning | CBP | ||
| Total Building Size | 25,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 12,500 SF |
| Year Built | 2008 |
| Lot Size | 2.18 AC |
| Zoning | CBP |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Sean M. Rockwell, DDS |
-
|
Jan 0000
|
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Videos
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Photos
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Street
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280 Sierra College Dr
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