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350 Crown Point Cir 14,847 SF 7% Leased Office Building Grass Valley, CA 95945 $4,117,440 CAD ($277.32 CAD/SF)
Investment Highlights
- Owner-user potential – Up to 11,675 SF available immediately
- Stabilizes at a 7.42% cap rate at market rents
- Flexible suite sizes – 378 SF to 5,041 SF, ideal for small users
- Value-add upside – Current rents 24.6% below market
- Edward Jones anchor tenant – Lease through May 2028 + renewal option
- Strong parking ratio – 60 spaces (4.04/1,000 SF)
Executive Summary
Tucker Commercial 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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,847 SF
Building Class
B
Year Built
1991
Price
$4,117,440 CAD
Price Per SF
$277.32 CAD
Percent Leased
7%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,400 SF
Building FAR
0.23
Lot Size
1.51 AC
Opportunity Zone
Yes
Zoning
SP-1A - Specific Plan Zone
Parking
60 Spaces (4.04 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 150
- 1,458 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 275
- 648 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 150 | 1,458 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 275 | 648 SF | Office | Full Build-Out | Now |
1st Fl-Ste 150
| Size |
| 1,458 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 275
| Size |
| 648 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,758,372 CAD | |
| Land Assessment | $439,578 CAD | Total Assessment | $2,197,950 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$439,578 CAD
Improvements Assessment
$1,758,372 CAD
Total Assessment
$2,197,950 CAD
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350 Crown Point Cir
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