1020 & 1050 Whispering Pines Lane

Investment Overview

Newmark is proud to present the opportunity to acquire thirteen (13) high-end industrial condominiums ranging in size f rom ±1,638 SF to ±3,940 SF for a total of ±27,834 SF, in the heart of the Sierra Nevada foothills. The sale of thirteen condominiums at 1020 & 1050 Whispering Pines Lane (“the Properties”) is an opportunity to acquire a portfolio with ±85% occupancy in the best-looking and best-built project in Grass Valley. The Properties are centrally located and offer good access to Highway 49.

Investment Highlights

• High-quality construction and appearance will preserve long-term value and minimize maintenance.
• Short-term leases will allow an investor to immediately rewrite leases and terms.
• Limited competition f rom existing inventory. High-cost construction discourages new development.
• Multiple value-add exit strategies are available including individual condo sales to owner-users or investors.
• Well-located in an established industrial/ business park, which maximizes convenience for more tenants. Excellent access to Highway 49, the major Grass Valley artery.
• Strong industrial market fundamentals with low industrial vacancy and competition.
• Seller holds a promissory note collateralized by two (2) condominium units located in 1020 Whispering Pines Lane that is potentially available for sale to a Buyer of the Properties.