424 Crown Point Cir Grass Valley, CA 95945

This exceptional 16,000-square-foot industrial property, located at 424 Crown Point Cir, Grass Valley, CA 95945, presents a compelling investment opportunity. Situated on a 2.14-acre lot within the prestigious Whispering Pines Business Park, this building boasts a versatile floor plan ideal for research and development or manufacturing. Currently leased under a NNN lease with a tenant vacating in December 2024, the property offers a strong cash flow stream until then, generating an approximate Net Operating Income (NOI) of $252,000 and an 8.26% cap rate. Built in 1992, the building features a stick frame construction with stucco exterior and metal roof, and has been meticulously maintained and updated. Modern amenities include a rain catchment system, multi-level key card access, and a recently installed 150 kW Kohler generator hard-lined to natural gas, capable of powering the entire building. The interior layout includes exterior window-lined offices, interior work/manufacturing stations, and specialized manufacturing/testing rooms. The property is zoned I (Grass Valley: SP1-A) and offers significant potential for owner-users or investors seeking a free-standing building in a desirable location. The asking price is $3,050,000, translating to $202.16 per square foot. This represents a unique opportunity to acquire a highly functional building well below replacement cost, with the flexibility to continue leasing or occupy the space after the current lease expires.