|
|
5/05/25
|
A San Diego-based private investor purchase 5.4k sf property occupied by Plumas Bank in Susanville, CA for $4.7 mil ($870/sf). Plumas recently signed a new 15-year, absolute, corporate-guaranteed triple net lease.
The building, renovated in 2021, sits on just over one acre at 3000 Riverside Dr in Susanville, about 200 miles northeast of Sacramento. It is well-located within a primary retail corridor in Susanville and is in the midst of a number of major retail brands including Walmart, Safeway, Grocery Outlet, McDonald’s and Starbucks, among others, creating favorable crossover customer traffic.
Alexander Moore with SRS Capital Markets and Jeff Lefko of Hanley Investment Group represented the seller, a private investment group.
According to Moore, there’s been increased interest from net lease investors for Plumas Bank assets, as the bank recently expanded its regional reach with an acquisition of another regional community bank in Northern California that added four branches to the Plumas Bank network and increased their total assets to $2.3 bil.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
