High-Bay Industrial Manufacturing
12481 Charles Dr Grass Grass Valley, CA 95945
12481 Charles Dr Grass, Grass Valley, CA, 95945
$4,785,000
For Sale
$4,785,000
Triple-net leased high-bay manufacturing and warehousing building with 1200-amp 3-phase power and dock-high plus grade-level loading.
Property Size35,000 SF
Lot Size2.19 Acres
Price / SF$136.71
Days on Market153
Property Features for 12481 Charles Dr Grass
General Information
- Standard status
- Active
- Size
- 35,000 SF
- Lot size
- 2.19 Acres
- Property subtype
- Factory
Building Details
- Year Built
- 2021
Listing agency
Sperry Commercial Global Affiliates - Highland Commercial
(530) 470-1470
Listed by
Lock Richards · License #CA 01302767
(530) 470-1470
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 4:00AM Checked: Jul 21 at 4:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Commercial Global Affiliates - Highland Commercial
Investment Insights
Based on property information with market context.
A single-tenant, triple-net leased, high-bay manufacturing/warehousing building on a 2.19-acre parcel. The facility is described as new construction built to “Cal Green” specifications for energy efficiency, including automated LED lighting, high R-level insulation, and Lennox high-efficiency heating and cooling units throughout. Electrical service is listed at 1200 Amp, three-phase, with loading support described as dock-high and grade-level.
The property is located in the Loma Rica Industrial Park, a 250+ acre business park adjacent to the Nevada County Airport, and is noted as only two blocks from the airport. The offering includes a new 5-year true NNN lease to Skyler Electric, with annual rent bumps included in the lease terms.
The industrial building is presented as a 35,000 SF single-tenant asset designed to support manufacturing and warehousing operations under a long-term net lease structure.
The property is located in the Loma Rica Industrial Park, a 250+ acre business park adjacent to the Nevada County Airport, and is noted as only two blocks from the airport. The offering includes a new 5-year true NNN lease to Skyler Electric, with annual rent bumps included in the lease terms.
The industrial building is presented as a 35,000 SF single-tenant asset designed to support manufacturing and warehousing operations under a long-term net lease structure.
Key Highlights
- Single‑tenant 35,000 SF high‑bay manufacturing/warehousing building built in 2021
- New 5‑year true NNN lease to Skyler Electric with annual rent bumps
- Loma Rica Industrial Park location, 2.19 acres, two blocks from the Nevada County Airport
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $453.6k | $12.96 |
| − Vacancy | −$22.7k | −$0.65 |
| EGI | $430.9k | $12.31 |
| − OpEx | −$64.6k | −$1.85 |
| NOI | $366.3k | $10.47 |
35,000 SF · lease $12.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.23M
$4.58M – $6.10M
NOI $366,282 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$4.61M
$4.04M – $5.38M
NOI $322,886 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$12.51M
$10.95M – $14.60M
NOI $875,921 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - Triple-net leased high-bay manufacturing and warehousing building with 1200-amp 3-phase power and dock-high plus grade-level loading.
Where is this manufacturing property located?
The property is located at 12481 Charles Dr Grass Grass Valley, CA.
What is the asking price?
The asking price for this property is $4,785,000.
What are key features of this property?
This property features: Single‑tenant 35,000 SF high‑bay manufacturing/warehousing building built in 2021; New 5‑year true NNN lease to Skyler Electric with annual rent bumps; Loma Rica Industrial Park location, 2.19 acres, two blocks from the Nevada County Airport
