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100 Union St
Nevada City, CA 95959

$3,100,000 USD

Office For Sale  •  10,966 SF

Property Details

  • Property Type Office
  • Total Building Size 10,223 SF
  • Lot Size 0.19 AC
  • Building Class B
  • Year Built 2005
  • Tenancy Multiple
  • Zoning GB HD SC
0 Transit Score
83 Walk Score

Highlights

100% occupied with diversified tenant mix across retail, office, & residential
Newest building in a supply-constrained historic downtown with no comparable new inventory
Contractual rent growth: American Rivers (1,873 SF) averaging 21.0%/yr through Oct 2028 (46.5% aggregate increase)
13% in-place rent discount to market with 1.81 years of WALT providing near-term upside
Modern systems: passenger elevator, secured subgrade parking (7 vehicles), updated building envelope
Projected 6.01% return on cost in Year 1 as contractual and near-term mark to market increases take effect

Property Flyers

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Covered
Included in Rent: Yes
Tyson Tucker 530-470-6090 Tucker Commercial
Tyson Tucker 530-470-6090 Tucker Commercial