350 Crown Point Cir Grass Valley, CA 95945

This exceptional Class A office building, located at 350 Crown Point Circle in Grass Valley, California's prestigious Whispering Pines Business Park, presents a compelling investment opportunity. The 11,675 square foot, two-story building sits on a 1.51-acre lot and boasts 60 parking spaces (4.04/1,000 sq ft). Currently 68% occupied, the property features ten suites ranging from 378 to 5,041 square feet, with an average size of 1,485 square feet. Five rent-ready vacant units totaling 4,784 square feet offer immediate income potential. The building, constructed in 1991, has been meticulously maintained and benefits from a C-1 (Neighborhood Commercial District) zoning designation. The asking price is $3,000,000 ($202.06/sq ft land value), projecting a 7.42% pro-forma cap rate at market rents. Most leases are NNN, allowing for direct pass-through of operating expenses, including hazard insurance. The current owner-user occupies approximately 5,000 square feet and may vacate, downsize to approximately 3,500 square feet, or sign a three-year lease at market rates. This presents a unique opportunity for an owner-user to occupy a significant portion of the building while generating income from existing leases, or for an investor to capitalize on below-market rents and lease-up potential. The average lease rate is currently $1.13/sq ft NNN, significantly below the market rate of approximately $1.50/sq ft NNN.