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.
|--||New Value: $5,350,000|
|5/26/2022 6:02:31 PM||New Value: Pending|
|5/12/2022 3:02:24 PM||New Value: $5,350,000|
|4/26/2022 1:01:51 PM||New Value: $5,500,000|
|4/5/2022 8:01:50 PM||New Value: $5,750,000|
|3/26/2022 2:02:00 PM||New Value: $5,910,000|