2825 Grass Valley HwyAuburn, CA 95603

  • Retail properties
  • 47,440 SF
For Sale
$29,730,000 View listing

Property Details for 2825 Grass Valley Hwy

Year built
2015
Construction
WOOD
Lot size
2.60 AC
Property size (Sq ft)
47,440 SF
Property type
Retail properties
Property subtype
Retail space
APN
052-041-007-000
APU
52041007000

Description

This exceptional 67,825 square foot shopping center presents a compelling investment opportunity. Located at 2825 Grass Valley Hwy, Auburn, CA 95603, this property boasts a prime location in Placer County, directly accessible from Interstate-80, ensuring high visibility and traffic. Built between 2015 and 2017, the center comprises four single-story buildings situated on a 6.62-acre lot. Currently operating at 100% occupancy, the center houses fourteen tenants, including a strong mix of national brands such as Starbucks, Chick-fil-A, PetSmart, Panda Express, and Smart & Final. The property's strong tenant base contributes to a substantial Net Operating Income (NOI) of $1,858,116, resulting in an attractive 6.25% capitalization rate. The asking price for this highly sought-after retail center is $29,730,000. This is a rare opportunity to acquire a well-established, high-performing shopping center in a thriving California market. The landlord-friendly environment and prominent location within Auburn's main retail corridor make this an exceptional investment prospect. The property's strong performance and established tenant roster offer significant long-term value and potential for continued growth. This is a must-see opportunity for discerning investors seeking a stable and high-yielding asset.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,958,275
    6.5%
    $10,115,331
    7%
    $9,392,808
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,445,263
    Geo Method
    $17,069,178
  • Alternative Use

    Use
    Valuation
    Residential
    $8,532,660
    Hospitality
    $7,815,871
    Educational
    $6,502,713
    Medical
    $6,726,351
    Retail
    $10,115,331
2825 Grass Valley Hwy, Auburn, California

Location Insight

City
Auburn
County
Placer
State
California
Latitude
38.9397
Longitude
-121.098
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$60,501
$1,571,474
$3,354,090
$4,925,564
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