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870 Gold Flat Rd
Nevada City, CA 95959
Local d'activités Propriété À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 13,000 SF Of High-Quality Creative Office Space Available For Occupancy
- Low Coverage Industrial Site
- Solar/ Back Up Generator
RÉSUMÉ DE L'ANNONCE
Prime Low Coverage Multi-Tenant Office/R&D Asset with In-Place Income Perfect For Owner-User or Value-Add Investor
Coldwell Banker Commercial Grass Roots Realty 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 approximately 9.0%.
Investment Highlights:
- 29,088 SF on 6.38 acres
- Offered at $97.97/SF
- ~13,000 SF available for immediate occupancy
- 2 long-term tenants in place generating stable income
- Flexible layouts with open office areas, private offices, vaulted ceilings, and a commercial kitchen
- High-capacity owned solar system + backup generator
- Ample parking, 3 roll-up doors, and strong circulation
- Potential for additional development on low-coverage site (FAR 0.19)
Tenants include Mini Mania (15+ years) and Ensemble Legacy (20+ years), both with deep operational roots and capital investment in the property.
Coldwell Banker Commercial Grass Roots Realty 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 approximately 9.0%.
Investment Highlights:
- 29,088 SF on 6.38 acres
- Offered at $97.97/SF
- ~13,000 SF available for immediate occupancy
- 2 long-term tenants in place generating stable income
- Flexible layouts with open office areas, private offices, vaulted ceilings, and a commercial kitchen
- High-capacity owned solar system + backup generator
- Ample parking, 3 roll-up doors, and strong circulation
- Potential for additional development on low-coverage site (FAR 0.19)
Tenants include Mini Mania (15+ years) and Ensemble Legacy (20+ years), both with deep operational roots and capital investment in the property.
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