Description
Brunswick Plaza is an approx. 38,230 rentable sq. ft. multi-tenant strip center enjoying full (95%) occupancy. Located in Brunswick Basin-the prime retail hub of Grass Valley, amongst national retailers incl. Rite-Aid, Staples, Wells Fargo, Bank of America, Safeway, CVS & many more. This 3-building complex completed in 1981 sits on two contiguous parcels totaling 4.79 acres & consists of a single-level 9,068 SF building, a split-level structure of 23,645 SF, & a freestanding regional bank building of 5,517 SF. The location, with over 500' of high traffic frontage & above standard parking, drives consistent tenant demand. In addition to a seasoned & stable income stream, the offering provides various value-add opportunities incl. expansion, renovation, re-tenanting and/or repurposing. The center across the street offers NNN rents of $2.25/sf and enjoys full occupancy. The subject property's rents average only $1.11/sf, promising tremendous upside returns with any value-add effort taken.
Location
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Listing Agent: Lachlan Richards Courtesy of: Highland Commercial, Inc. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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