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Main Street Professional Center 1097 E Main St 11 698 pi² 2% Loué Bureau Immeuble Grass Valley, CA 95945 2 228 470 $ CAD (190,50 $ CAD/pi²) 8% Taux de capitalisation
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Faits saillants de l'investissement
- 8.00% going-in cap rate on 100%-occupied, in-place income — $1,595,000 ($139/SF)
- ~70% medical tenancy across 9 tenants / 10 suites — no single tenant exceeds ~23% of gross revenue
- ~75% of revenue on month-to-month tenancy for flexible rent resets; anchored by three termed leases, including a new 5-year lease through May 2031
- Directly across from Sierra Nevada Memorial Hospital (Dignity Health)
- Immediate mark-to-market upside — weighted-avg. in-place rents ~8.3% below market; ~28% below hospital-adjacent comps at 150 Catherine Lane
- Three free-standing buildings on 1.12 acres — 44 spaces (3.8/1,000 SF), recently slurried and re-striped
Résumé de l'annonce
Tucker Commercial is pleased to present Main St. Professional Center, an 11,468 SF medical and professional office campus on a 1.12-acre parcel located directly across the street from Sierra Nevada Memorial Hospital (Dignity Health) — the only acute-treatment hospital serving western Nevada County. The property is 100% leased across ten suites to nine tenants and is offered at $1,595,000 ($139/SF), an 8.00% going-in cap rate on in-place income.
Comprising three free-standing buildings, the campus is anchored by a ~70% medical rent roll drawn to the trade area's only acute-care facility for referral flow and physician proximity. With an average suite size of ~1,043 SF, Main St. Professional Center is ideally sized to capture demand from western Nevada County's deep market of small professional and sole-practitioner medical users — a segment with limited competing supply.
The offering pairs an exceptionally strong going-in yield with clear value-add upside. Weighted-average in-place rent sits roughly 8.3% below market and ~28% below the medical rents being achieved one street over on Catherine and Margaret Lane. Approximately 75% of in-place revenue (seven of ten suites) is on month-to-month tenancy, allowing a new owner to mark rents to market immediately, reposition suites to capture premium medical rents, convert leases to NNN, or owner-occupy. The remaining ~25% of revenue is contractually termed — including a newly executed 5-year lease (through May 2031) — providing a stable cash-flow base while the rest of the rent roll is repositioned.
Grass Valley is the commercial, retail and healthcare hub of western Nevada County in the Sierra foothills, ~60 miles northeast of Sacramento via Highway 49. East Main Street is the primary commercial corridor linking the historic downtown to the Hwy 49/20 interchange, and constrained foothill land with slow entitlement continues to limit new commercial supply.
Comprising three free-standing buildings, the campus is anchored by a ~70% medical rent roll drawn to the trade area's only acute-care facility for referral flow and physician proximity. With an average suite size of ~1,043 SF, Main St. Professional Center is ideally sized to capture demand from western Nevada County's deep market of small professional and sole-practitioner medical users — a segment with limited competing supply.
The offering pairs an exceptionally strong going-in yield with clear value-add upside. Weighted-average in-place rent sits roughly 8.3% below market and ~28% below the medical rents being achieved one street over on Catherine and Margaret Lane. Approximately 75% of in-place revenue (seven of ten suites) is on month-to-month tenancy, allowing a new owner to mark rents to market immediately, reposition suites to capture premium medical rents, convert leases to NNN, or owner-occupy. The remaining ~25% of revenue is contractually termed — including a newly executed 5-year lease (through May 2031) — providing a stable cash-flow base while the rest of the rent roll is repositioned.
Grass Valley is the commercial, retail and healthcare hub of western Nevada County in the Sierra foothills, ~60 miles northeast of Sacramento via Highway 49. East Main Street is the primary commercial corridor linking the historic downtown to the Hwy 49/20 interchange, and constrained foothill land with slow entitlement continues to limit new commercial supply.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Taille du bâtiment
11 698 pi²
Classe d’immeuble
C
Année de construction
1978
Prix
2 228 470 $ CAD
Prix par pi²
190,50 $ CAD
Taux de capitalisation
8%
Revenu net d’exploitation
178 278 $ CAD
Pourcentage loué
2%
Hauteur du bâtiment
1 étage
Superficie de plancher typique
11 698 pi²
Coefficient d’occupation des sols de l’immeuble
0,45
Taille du lot
0,60 AC
Zonage
C2 - anciennement un condo médical, le locateur est ouvert à la location à des fins non médicales
Commodités
- Accès 24 heures
1 1
Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 035-350-012-000 | Évaluation des bâtiments | 1 258 471 $ CAD |
| Évaluation du terrain | 903 316 $ CAD | Évaluation totale | 2 161 787 $ CAD |
Impôts fonciers
Numéro de lot
035-350-012-000
Évaluation du terrain
903 316 $ CAD
Évaluation des bâtiments
1 258 471 $ CAD
Évaluation totale
2 161 787 $ CAD
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Main Street Professional Center | 1097 E Main St
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