110 Spring Hill Drive Unit #14-17, Grass Valley, CA 95945

Property Description

110 Spring Hill Drive, Units 14-17 presents a rare opportunity to acquire a fully renovated 7,500 SF industrial condominium within the city limits of Grass Valley. This premium corner unit encompasses four legal parcels (APNs: 009-720-014-000 through 009-720-017-000) and sits within a professionally managed complex offering full city utilities and minimal day-to-day maintenance responsibilities. Extensively renovated in 2020-2021 and currently occupied by a brewery, the property features 1,800 SF of high-quality two-story office space and 5,700 SF of 18' clear-height warehouse. The office buildout includes a reception area, lab, large conference/open work area, two restrooms, and private offices, with an additional conference room upstairs all finished with luxury vinyl plank flooring and high-end materials throughout. The existing lease runs through July 31, 2026, giving a buyer the opportunity to collect in-place rent while planning for a near-term transition into the space an ideal scenario for an owner-user. Ownership within this professionally managed project delivers meaningful operational advantages. The owners association maintains the roof, structure, exterior, parking lot, and water/sewer service, and provides building envelope insurance significantly reducing capital and maintenance exposure. A new TPO membrane roof was installed in 2021. Current quarterly OA dues are $3,526.76, ensuring predictable operating costs and a well-maintained complex. Located within Grass Valley city limits with strong accessibility and proximity to western Nevada County's primary commercial and industrial corridors, this property is well-positioned for an owner-user or investor seeking a turnkey, newly-renovated industrial asset.