807 S Auburn St Industriel/Logistique 608 m² À vendre Grass Valley, CA 95945 1 341 152 € (2 204,65 €/m²) Taux de capitalisation 7,52 %

Coldwell Banker Commercial G.R., as exclusive advisor, is pleased to present the opportunity to acquire 807 South Auburn Street, a ±6,548 SF net-leased showroom/industrial building located in Grass Valley, California. The property is leased to Premier Flooring, a highly successful flooring retailer that has operated from this location for over 32 years. In 2023, Premier Flooring was acquired by Teamshares, a venture-backed platform focused on acquiring and transitioning small businesses into employee-owned companies.
Teamshares is backed by prominent institutional investors including Andreessen Horowitz and QED Investors, and currently owns 85+ businesses across a wide range of industries. Their model emphasizes long-term ownership and operational continuity, aligning with their goal of gradually transferring equity to employees while providing centralized financial, HR, and strategic support. This structure promotes tenant longevity and business resilience, which translates into enhanced credit, stability and durable in-place cash flow for investors.
The lease expires January 31, 2028, and includes five (5) automatic one-year renewal options, each featuring 3% annual rent escalations, providing built-in contractual income growth. The lease is structured as triple net (NNN), with the tenant responsible for all operating expenses, repairs, and maintenance. The landlord’s responsibilities are limited to structural elements only, offering a passive management profile ideal for long-term investors. a Lease Abstract is available upon signing the electronic CA.
Offered at $1,530,000 ($233.66/SF), the asset produces $115,000/YR in net income, translating to a cap rate of 7.50% at a defensible market rent of $1.46/SF, and is priced well below replacement cost.The building consists of showroom, warehouse, and office space on a 0.57-acre site, which includes two legal parcels (APNs: 029-310-008 & 029-310-009).
Constructed in 1982, the wood-frame structure is in excellent condition and has been meticulously maintained, reflecting long-term pride of ownership. This offering represents a rare opportunity to acquire a well-located, stabilized investment backed by both a long-tenured local operator and a nationally backed platform in one of the most supply-constrained trade areas in the Sierra Foothills.
Location Overview
807 South Auburn Street benefits from a prime location just off Highway 49, providing excellent accessibility and visibility. The property is located less than one mile from two of the highest-performing anchored shopping centers in Western Nevada County:
• McKnight Crossing (Target, S.P.D (IGA Grocer), and Big 5, Sporting Goods)
• Pine Creek Shopping Center – (Raley’s, O’Reilly Auto Parts)
These centers draw consistent daily traffic and support strong retail synergy with showroom-based users like Premier Flooring
Tenant Overview: Premier Flooring / Teamshares
Premier Flooring has been a trusted name in Grass Valley for over two decades, known for providing quality flooring solutions to residential and commercial customers. Their success is rooted in their community ties, deep product knowledge, and consistent service. In 2023, Premier Flooring was acquired by Teamshares, a rapidly growing, mission-driven holding company that buys profitable small businesses and transitions them to employee ownership over time. Teamshares retains existing employees and managers while implementing a long-term equity transfer plan—eventually allowing employees to own up to 80% of the business. This creates continuity, improves retention, and aligns incentives across the workforce. The platform is backed by premier venture capital firms including:
• Andreessen Horowitz
• QED Investors
• Khosla Ventures
With over 85 businesses in its portfolio and centralized support functions for finance, HR, and technology, Teamshares offers the operational sophistication of a national firm while maintaining the stability of local ownership. This makes the tenancy uniquely resilient.
About Grass Valley:
Grass Valley is a charming historic town located in the heart of the Sierra Nevada foothills, known for its rich Gold Rush history, well-preserved Victorian architecture. As the largest town in Nevada County, Grass Valley has become a vibrant center for commerce, arts, and outdoor recreation. Its accessible location and proximity to major metro areas make it a popular destination for visitors from cities like Sacramento, Reno, and the San Francisco Bay Area.
Distances to Major Metro Areas:
• Sacramento, CA: 55 miles (approximately 1 hour)
• Lake Tahoe, CA: 75 miles (approximately 1.5 hours)
• San Francisco, CA: 140 miles (approximately 2.5 hours)
• Reno, NV: 80 miles (approximately 1.5 hours)
• San Jose, CA: 170 miles (approximately 3 hours)