New Single-Tenant Triple-net Leased 35K SF Industrial Warehouse

Grass Valley (or Nevada City) is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The region is located below the snow line and above the fog for the perfect 4-season climate. It lies within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacramento & UN Reno) and 2 international airports (Sacramento & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video technology, digital media and other high-tech industries, balanced by national caliber arts and entertainment sectors. With superb schools and multiple national awards relating to unbeatable quality of life, the Grass Valley/Nevada City region continues to attract residents and businesses from nearby Sacramento and the SF Bay Area. The subject property is located in the Loma Rica Industrial Park, a 250+ acre business park adjacent to the Nevada County Airport. The park is a primary employment center for Nevada County with more than 20% of all county manufacturing jobs located in this area.A single-tenant triple-net leased new 35,000 SF high-bay manufacturing/warehousing building situated on a 2.19 acre parcel only two blocks from the Nevada County Airport. Built to top "Cal Green" specifications for superior energy efficiency including automated LED lighting, high R-level insulation, Lennox high efficiency package units providing heating and cooling throughout the entire structure, and 1200 Amp 3 phase electrical service. New 5-year true NNN lease to Skyler Electric, one of the largest power provisioning companies in the Western U.S. serving the telecommunications, utility, UPS, and solar markets. This offering is situated in Nevada County in the Greater Sacramento Region, an exceptionally tight market with industrial vacancy of only 1.5% and formidable barriers to entry including a severe lack of industrial zoned development sites. Priced at an in-place 5.26% cap ($137/sf), with annual rent bumps, this offering represents a hands-off stable investment in the enormously expanding industrial sector with massive appreciation potential in an otherwise volatile economy.