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1/31/25
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A Bay Area-based private investor paid $5.275 mil for an 8.6k sf ($613/sf) property occupied by Plumas Bank in Truckee, CA. It was sold by a private investment group.
Situated on 1.22 acres at 11638 Donner Pass Rd, the property is approximately 16 miles from Lake Tahoe. The property has a 15-year, absolute triple-net lease in place and provides the new ownership with no landlord responsibilities.
Founded in 1980, the award-winning Plumas Bank is locally managed and has been voted Best Bank in Lake Tahoe and Truckee for the past 10 years. It has 16 locations throughout California and Nevada.
Alexander Moore and Jeff Lefko of Hanley Investment Group represented the seller in the transaction. The buyer was repped by Aaron Fritz with Kidder Mathews.
“This is a high-quality, strong credit guaranty tenant, pride of ownership asset in an affluent resort community,” said Moore. “It will be a solid, cash-flowing, long-term investment for the buyer.”
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