280 SIERRA COLLEGE DR Grass Valley, CA 95945
NNN-leased medical office condo occupied by Dignity Health.
- Added:
- May 18, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 5 at 1:24 pm
Property Features for 280 SIERRA COLLEGE DR
General Information
- Standard status
- Active
- Size
- 5,665 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing office Tucker Commercial (530) 272-7222
Listing date May 18, 2026
Source Crexi
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 Tucker Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- NNN‑leased medical office condominium occupied by Dignity Health Medical Group – Sierra Nevada (subsidiary of CommonSpirit Health, S&P: A-).
- Priced at $2,260,000, representing a 7.15% cap rate on NOI of $161,549.
- Fully passive investment under NNN lease; tenant assumes interior maintenance, owners' association covers exterior, structural, parking, and common area maintenance.
Local Financial Insights For Healthcare Medical
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 | $210.7k | $37.20 |
| − Vacancy | −$21.7k | −$3.83 |
| EGI | $189.0k | $33.37 |
| − OpEx | −$75.6k | −$13.35 |
| NOI | $113.4k | $20.02 |
