2825 Grass Valley HwyAuburn, CA 95603
- Retail properties
- 47,440 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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