Stabilized Multi-Building Office
944-1020 McCourtney Road Grass Valley, CA 95949
944-1020 McCourtney Road, Grass Valley, CA, 95949
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For Sale
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Five office buildings totaling about 48,000 SF sit on four contiguous parcels totaling about four acres.
Days on Market103
Property Features for 944-1020 McCourtney Road
General Information
- Standard status
- Active
- Property subtype
- Office
Listing agency
Highland Commercial
4701740
Listed by
Lock Richards · License #CA 01302767
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 12:52AM Checked: Jul 21 at 11:32AM
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Investment Insights
Based on property information with market context.
This five-building office campus is situated on four contiguous parcels totaling about four acres. Built in phases between 1988 and 2001, the property has maintained stabilized occupancy of approximately 90% since its inception.
The campus includes an anchor tenant under a recent 10-year lease to the County of Nevada, with the tenant funding more than $800,000 in tenant improvement costs. In addition to the anchor, the tenant mix includes a veterinary hospital and nationally known financial and insurance companies.
The offering is structured with two components: the real property and supplemental tenant improvement repayment income associated with the anchor tenant. The property is described as priced around a 7.7% current cap, with a pro forma cap above 8.5%.
The campus includes an anchor tenant under a recent 10-year lease to the County of Nevada, with the tenant funding more than $800,000 in tenant improvement costs. In addition to the anchor, the tenant mix includes a veterinary hospital and nationally known financial and insurance companies.
The offering is structured with two components: the real property and supplemental tenant improvement repayment income associated with the anchor tenant. The property is described as priced around a 7.7% current cap, with a pro forma cap above 8.5%.
Key Highlights
- Five‑building business park totaling about 48,000 SF on four contiguous parcels totaling about 4 acres
- Built in phases from 1988 to 2001, with stabilized occupancy of about 90% since inception
- Anchored by a recent 20,000 SF 10‑year lease to the County of Nevada, with over $800,000 in tenant improvement costs funded by the tenant
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Five office buildings totaling about 48,000 SF sit on four contiguous parcels totaling about four acres.
Where is this office building located?
The property is located at 944-1020 McCourtney Road Grass Valley, CA.
What are key features of this property?
This property features: Five‑building business park totaling about 48,000 SF on four contiguous parcels totaling about 4 acres; Built in phases from 1988 to 2001, with stabilized occupancy of about 90% since inception; Anchored by a recent 20,000 SF 10‑year lease to the County of Nevada, with over $800,000 in tenant improvement costs funded by the tenant
