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Investment Highlights

  • M-1 zoning in city limits of Grass Valley
  • 18' Clear Height
  • Minimal Ownership Maintenance Responsibilities With Active Owner's Association

Executive Summary

110 Spring Hill Drive is a 43,000± SF industrial condominium project located within the city limits of Grass Valley, CA. Zoned M-1, the property accommodates a wide range of industrial uses, including manufacturing, warehousing, and service-based operations. Originally constructed in 1989 for Mountain People’s Warehouse (now UNFI), the project is one of the few industrial condominium complexes in Grass Valley with full access to city utilities. The buildings are fully sprinklered, professionally managed, and benefit from a new roof installed approximately two years ago. The Owners Association provides hazard insurance, parking lot maintenance, exterior maintenance, roof, water & sewer, and landscaping.

3 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 4-5
  • 3,952 SF
  • Industrial
  • $605,000 ($153.09/SF)
  • -
Sale Type Owner User
APN/Parcel ID 009-720-029, 009-720-030
Description
Tucker Commercial is pleased to offer 110 Springhill Drive, Units 4–5 for sale. This 3,952± SF industrial condominium represents an excellent opportunity for an owner-user seeking quality space within the city limits of Grass Valley, CA. Zoned M-1, the property accommodates a broad range of light industrial, manufacturing, and service uses.


The space is fully sprinklered and features 18’ clear height, a 12’ x 12’ roll-up door, one small office, and a private restroom—an efficient layout for operational flexibility. The project is professionally managed by the Owners Association, which maintains the roof, parking lot, and landscaping, and provides water & sewer and hazard insurance. OA dues are $0.51/SF per quarter. A new roof was installed approximately five years ago, and the property benefits from full city utilities (water,  sewer & gas).


Competitive seller financing is available with approved credit.
  • Unit 8-9
  • 3,952 SF
  • Industrial
  • $575,000 ($145.50/SF)
  • -
Sale Type Owner User
APN/Parcel ID 009-720-033-000, 009-720-034-000
Description
Tucker Commercial is pleased to present an outstanding owner-user opportunity at 110 Springhill Drive, Units 8–9, totaling 3,952± SF within a professionally maintained 43,000± SF industrial condominium project in the city limits of Grass Valley, CA. Zoned M-1, the property supports a wide range of industrial and service-based uses.


Originally constructed in 1989 for Mountain People’s Warehouse (now UNFI), the project is one of the few industrial condominium developments in Grass Valley with full city utility service. The subject units feature a bank of exterior offices with a structural mezzanine above, a private restroom, 18’ clear height, and a 12’ x 12’ roll-up door—ideal for manufacturing, warehousing, light industrial, or service-oriented operations.


The building is fully sprinklered, professionally managed, and benefits from a roof replacement completed approximately five years ago. The Owners Association maintains the roof, parking lot, landscaping, and provides water and sewer and hazard insurance. Current OA dues are $0.51/SF per quarter
  • Unit 14-17
  • 7,500 SF
  • Industrial
  • $1,200,000 ($160.00/SF)
  • -
Sale Type Owner User
APN/Parcel ID 009-720-014, 009-720-015, 009-720-016, 009-720-017
Description
Tucker Commercial is pleased to present 110 Spring Hill Drive, Units 14–17, a rare opportunity to acquire a recently renovated and heavily improved ±7,500 SF industrial condominium located within the city limits of Grass Valley, offering full city utilities and minimal maintenance responsibilities.


This premium corner unit consists of four legal parcels within a professionally managed industrial complex. Extensively renovated in 2020–2021, the property is currently occupied by a brewery and features a well-balanced mix of ±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, a lab, a large conference/open work area, two restrooms (one per floor), and private offices with an additional conference room upstairs. High-end finishes and luxury vinyl plank flooring are used throughout the office spaces, providing a clean, professional environment.


The warehouse is equally well-appointed for industrial use, with two existing grade-level doors (and a framed cutout for a third), 300 amps of three-phase power, upgraded LED lighting, full insulation, and substantial infrastructure improvements. These include extensive water lines, compressed air distribution, and multiple floor drains—features that make the space particularly well-suited for food and beverage production, light manufacturing, fabrication, or other industrial operations that require enhanced mechanical, plumbing, and utility capacity.


Ownership within the industrial condo project offers significant operational benefits. The owners association maintains the roof, structure, exterior, parking lot, and water/sewer service, as well as provides building envelope insurance, minimizing day-to-day maintenance burdens for an owner-user. Quarterly dues are $3,526.76, and the project received a new TPO membrane roof in 2021.


The existing lease extends through July 31, 2026, providing a buyer the opportunity to collect rent during the interim period while planning for future occupancy. The location ensures proximity to the region’s primary commercial and industrial corridors.
Sale Notes
Tucker Commercial is pleased to present 110 Spring Hill Drive, Units 14–17, a rare opportunity to acquire a recently renovated and heavily improved ±7,500 SF industrial condominium located within the city limits of Grass Valley, offering full city utilities and minimal maintenance responsibilities.


This premium corner unit consists of four legal parcels within a professionally managed industrial complex. Extensively renovated in 2020–2021, the property is currently occupied by a brewery and features a well-balanced mix of ±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, a lab, a large conference/open work area, two restrooms (one per floor), and private offices with an additional conference room upstairs. High-end finishes and luxury vinyl plank flooring are used throughout the office spaces, providing a clean, professional environment.


The warehouse is equally well-appointed for industrial use, with two existing grade-level doors (and a framed cutout for a third), 300 amps of three-phase power, upgraded LED lighting, full insulation, and substantial infrastructure improvements. These include extensive water lines, compressed air distribution, and multiple floor drains—features that make the space particularly well-suited for food and beverage production, light manufacturing, fabrication, or other industrial operations that require enhanced mechanical, plumbing, and utility capacity.


Ownership within the industrial condo project offers significant operational benefits. The owners association maintains the roof, structure, exterior, parking lot, and water/sewer service, as well as provides building envelope insurance, minimizing day-to-day maintenance burdens for an owner-user. Quarterly dues are $3,526.76, and the project received a new TPO membrane roof in 2021.


The existing lease extends through July 31, 2026, providing a buyer the opportunity to collect rent during the interim period while planning for future occupancy. The location ensures proximity to the region’s primary commercial and industrial corridors.
Unit Unit Size Condo Use Price NOI
Unit 4-5 3,952 SF Industrial $605,000 ($153.09/SF) -
Unit 8-9 3,952 SF Industrial $575,000 ($145.50/SF) -
Unit 14-17 7,500 SF Industrial $1,200,000 ($160.00/SF) -

Unit 4-5

Unit Size
3,952 SF
Condo Use
Industrial
Price
$605,000 ($153.09/SF)
NOI
-

Unit 8-9

Unit Size
3,952 SF
Condo Use
Industrial
Price
$575,000 ($145.50/SF)
NOI
-

Unit 14-17

Unit Size
7,500 SF
Condo Use
Industrial
Price
$1,200,000 ($160.00/SF)
NOI
-

Unit 4-5

Unit Size 3,952 SF
Condo Use Industrial
Price $605,000 ($153.09/SF)
NOI -
Sale Type Owner User
APN/Parcel ID 009-720-029, 009-720-030
Description
Tucker Commercial is pleased to offer 110 Springhill Drive, Units 4–5 for sale. This 3,952&#177; SF industrial condominium represents an excellent opportunity for an owner-user seeking quality space within the city limits of Grass Valley, CA. Zoned M-1, the property accommodates a broad range of light industrial, manufacturing, and service uses.<br> <br> <br> The space is fully sprinklered and features 18’ clear height, a 12’ x 12’ roll-up door, one small office, and a private restroom—an efficient layout for operational flexibility. The project is professionally managed by the Owners Association, which maintains the roof, parking lot, and landscaping, and provides water &amp; sewer and hazard insurance. OA dues are $0.51/SF per quarter. A new roof was installed approximately five years ago, and the property benefits from full city utilities (water,&nbsp;&nbsp;sewer &amp; gas).<br> <br> <br> Competitive seller financing is available with approved credit.</li></ul>

Unit 8-9

Unit Size 3,952 SF
Condo Use Industrial
Price $575,000 ($145.50/SF)
NOI -
Sale Type Owner User
APN/Parcel ID 009-720-033-000, 009-720-034-000
Description
Tucker Commercial is pleased to present an outstanding owner-user opportunity at 110 Springhill Drive, Units 8–9, totaling 3,952&#177; SF within a professionally maintained 43,000&#177; SF industrial condominium project in the city limits of Grass Valley, CA. Zoned M-1, the property supports a wide range of industrial and service-based uses.<br> <br> <br> Originally constructed in 1989 for Mountain People’s Warehouse (now UNFI), the project is one of the few industrial condominium developments in Grass Valley with full city utility service. The subject units feature a bank of exterior offices with a structural mezzanine above, a private restroom, 18’ clear height, and a 12’ x 12’ roll-up door—ideal for manufacturing, warehousing, light industrial, or service-oriented operations.<br> <br> <br> The building is fully sprinklered, professionally managed, and benefits from a roof replacement completed approximately five years ago. The Owners Association maintains the roof, parking lot, landscaping, and provides water and sewer and hazard insurance. Current OA dues are $0.51/SF per quarter</li></ul>

Unit 14-17

Unit Size 7,500 SF
Condo Use Industrial
Price $1,200,000 ($160.00/SF)
NOI -
Sale Type Owner User
APN/Parcel ID 009-720-014, 009-720-015, 009-720-016, 009-720-017
Description
Tucker Commercial is pleased to present 110 Spring Hill Drive, Units 14–17, a rare opportunity to acquire a recently renovated and heavily improved &#177;7,500 SF industrial condominium located within the city limits of Grass Valley, offering full city utilities and minimal maintenance responsibilities.<br> <br> <br> This premium corner unit consists of four legal parcels within a professionally managed industrial complex. Extensively renovated in 2020–2021, the property is currently occupied by a brewery and features a well-balanced mix of &#177;1,800 SF of high-quality, two-story office space and &#177;5,700 SF of 18’ clear height warehouse. The office buildout includes a reception area, a lab, a large conference/open work area, two restrooms (one per floor), and private offices with an additional conference room upstairs. High-end finishes and luxury vinyl plank flooring are used throughout the office spaces, providing a clean, professional environment.<br> <br> <br> The warehouse is equally well-appointed for industrial use, with two existing grade-level doors (and a framed cutout for a third), 300 amps of three-phase power, upgraded LED lighting, full insulation, and substantial infrastructure improvements. These include extensive water lines, compressed air distribution, and multiple floor drains—features that make the space particularly well-suited for food and beverage production, light manufacturing, fabrication, or other industrial operations that require enhanced mechanical, plumbing, and utility capacity.<br> <br> <br> Ownership within the industrial condo project offers significant operational benefits. The owners association maintains the roof, structure, exterior, parking lot, and water/sewer service, as well as provides building envelope insurance, minimizing day-to-day maintenance burdens for an owner-user. Quarterly dues are $3,526.76, and the project received a new TPO membrane roof in 2021.<br> <br> <br> The existing lease extends through July 31, 2026, providing a buyer the opportunity to collect rent during the interim period while planning for future occupancy. The location ensures proximity to the region’s primary commercial and industrial corridors.</li></ul>
Sale Notes
Tucker Commercial is pleased to present 110 Spring Hill Drive, Units 14–17, a rare opportunity to acquire a recently renovated and heavily improved &#177;7,500 SF industrial condominium located within the city limits of Grass Valley, offering full city utilities and minimal maintenance responsibilities.<br> <br> <br> This premium corner unit consists of four legal parcels within a professionally managed industrial complex. Extensively renovated in 2020–2021, the property is currently occupied by a brewery and features a well-balanced mix of &#177;1,800 SF of high-quality, two-story office space and &#177;5,700 SF of 18’ clear height warehouse. The office buildout includes a reception area, a lab, a large conference/open work area, two restrooms (one per floor), and private offices with an additional conference room upstairs. High-end finishes and luxury vinyl plank flooring are used throughout the office spaces, providing a clean, professional environment.<br> <br> <br> The warehouse is equally well-appointed for industrial use, with two existing grade-level doors (and a framed cutout for a third), 300 amps of three-phase power, upgraded LED lighting, full insulation, and substantial infrastructure improvements. These include extensive water lines, compressed air distribution, and multiple floor drains—features that make the space particularly well-suited for food and beverage production, light manufacturing, fabrication, or other industrial operations that require enhanced mechanical, plumbing, and utility capacity.<br> <br> <br> Ownership within the industrial condo project offers significant operational benefits. The owners association maintains the roof, structure, exterior, parking lot, and water/sewer service, as well as provides building envelope insurance, minimizing day-to-day maintenance burdens for an owner-user. Quarterly dues are $3,526.76, and the project received a new TPO membrane roof in 2021.<br> <br> <br> The existing lease extends through July 31, 2026, providing a buyer the opportunity to collect rent during the interim period while planning for future occupancy. The location ensures proximity to the region’s primary commercial and industrial corridors.</li></ul>

Property Facts

The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 40,954 SF
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
Building Class B
Floors 1
Typical Floor Size 7,904 SF
Year Built 1989
Lot Size 3.08 AC
Parking Ratio 2.93/1,000 SF
Opportunity Zone Yes
Zoning M1 - M-1 Light Industrial - allows for light manufacturing and warehouse use

Amenities

  • Fenced Lot
  • Skylights
  • Yard

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
  • Listing ID: 26670688

  • Date on Market: 9/20/2022

  • Last Updated:

  • Address: 110 Spring Hill Dr, Grass Valley, CA 95945

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