for lease - Truckee River Associates

12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
FOR LEASE
Chinese Herb Shop Annex Building
10008 SE River Street
Truckee, CA 96161
THE CHINESE HERB SHOP ANNEX BLDG IS LOCATED DIRECTLY ON THE
TRUCKEE RIVERFRONT WITH A PATIO OVERLOOKING THE TRUCKEE RIVER.
 Extensively restored to preserve the historic character and appeal.
 Property Owner is offering up to a $100,000 credit towards Tenant
Improvements.
Presented By:
Tom Watson
12313 Soaring Way, Suite 2B
Truckee, CA 96161
530-587-7633
tom@truckeeriverassociates.com
www.truckeeriverassociates.com
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is
made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or represent that the information presented
is correct and is released from all liability resulting from information contained herein. Interested parties are advised to undertake their
own inquiries as to the accuracy of information regarding omissions, errors, price and rental conditions.
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12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
Table of Contents
I.
II.
III.
Financial Analysis
- Property Description
Additional Information
- Truckee History
Demographics
Chinese Herb Shop Annex Bldg
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is
made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or represent that the information presented
is correct and is released from all liability resulting from information contained herein. Interested parties are advised to undertake their
own inquiries as to the accuracy of information regarding omissions, errors, price and rental conditions.
2|Page
12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
I.
Financial Analysis
Chinese Herb Shop Annex Bldg
10008 SE River Street
Truckee, CA 96161
Price per S.F.:
CAM per S.F.:
Bldg S.F.:
$3.00
$0.61
3,580±
Annex A&B:
Total Complex:
3,580± Sq. Ft.
5,390± Sq. Ft.
Percent Occupied: 100%
Tax Parcel Numbers: 19-152-57, 58
Zoning: Downtown Mixed Use (DMU)
Building Class: Street Retail and Office
Rear View of Chinese Herb Shop Complex
Year Built: Herb Shop:1878/2011(remodel)
Annex: 2011/2012(remodel)
Street Frontage: SE River St & Brockway
Front View of Chinese Herb Shop Complex
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is
made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or represent that the information presented
is correct and is released from all liability resulting from information contained herein. Interested parties are advised to undertake their
own inquiries as to the accuracy of information regarding omissions, errors, price and rental conditions.
3|Page
12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
Property Description:
Construction:
Cement Block / Wood framed Interior
Built-In:
2011, remodeled in 2012
Parking:
Private parking spaces adjacent to and directly in front of the
building.
Ingress/Egress:
South East River Street from Brockway Road
Tenants:
Well-established, high end tenant Catherine Macfee Interior Design
occupying the Chinese Herb Shop.
Property:
Property Owner is offering a $100,000 credit towards Tenant
Improvements to a qualified Tenant. The Chinese Herb Shop
located in the complex is a beautifully restored 125 year old artifact
of Truckee's colorful and historic railroad and lumbering past. Built
on the banks of the Truckee River, in the Historic Downtown
Truckee corridor, both the original structure and the neighboring
annex building have undergone an extensive remodel. The original
structure is a 1,810 +/- Sq Ft retail area occupied by a well-known
local interior designer, while the neighboring annex building is
3,580 +/- Sq Ft of professional office space occupied by a
prestigious law firm. The property covers 3 parcels, which were
condominium-ized for future opportunities. Over-sized awnings,
wooden gables, brick interior walls, wood decks, and large open
windows overlook the Truckee River. Parking on SE River Street
make it a wonderful location for the retail and office tenants. This is
a one of a kind opportunity to own a piece of Truckee history,
magnificently restored and reliably tenanted.
Area:
Located on the Truckee River in Historic Downtown Truckee, at the
heart of North Lake Tahoe's retail and restaurant tourism. Easily
accessible from I-80 East and West, as well as Highway 267 and
Highway 89, Downtown Truckee is a favorite destination for visitors
from Sacramento, Reno, and the Bay Area year around.
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or
representation is made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or
represent that the information presented is correct and is released from all liability resulting from information
contained herein. Interested parties are advised to undertake their own inquiries as to the accuracy of information
regarding omissions, errors, price and rental conditions.
4|Page
12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
The Chinese Herb Shop Annex Spaces A&B were combined to create 3,580± Sq Ft of modern
finished office / retail space. High ceilings with wood and metal accents offer an urban feel with
plenty of natural light.
Current layout offers individual
offices, a common area with
kitchenette, and a large conference
room and patio overlooking the
river.
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or
representation is made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or
represent that the information presented is correct and is released from all liability resulting from information
contained herein. Interested parties are advised to undertake their own inquiries as to the accuracy of information
regarding omissions, errors, price and rental conditions.
5|Page
12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
TRUCKEE HISTORY:
Truckee is a quaint mountain community that was established in 1863 then incorporated in 1993.
Truckee, with a population of 16,180, is the largest of three incorporated cities in Nevada County (the
other two - Grass Valley and Nevada City). The Town of Truckee is centrally located near Lake Tahoe,
historic state parks and an abundance of emigrant and Old West history. The town was originally
developed around the logging and ice manufacturing industries, and has evolved into a town of
sophistication with a variety for new and established business growth opportunities.
Historically, Truckee has been considered a “tourist town” that was largely populated by second
homeowners. According to an article in the National Geographic Adventure, Truckee was hailed as one
of the World’s best ski towns and is distinguished in the article by stating that Truckee is “an inviting
mountain burg steeped in ski heritage, amenities, and culture.” Additionally, in the Men’s Journal travel
section in April 2012, Truckee is named as one of “America’s Best Mountain Towns” to stay, eat and play.
Tourism remains high in the Truckee and Lake Tahoe areas, and continues to progressively grow.
Supposing tourism and the homeowner base remain steadily on the up-and-up during the recovery of the
national recession, the increase of the Truckee population shall be a major contributing factor to the
overall community growth – employment base in the retail, service, professional and government sectors
– in the years to come.
III.
Demographics
Traveling to and from the Town of Truckee is made convenient with the centrally located Truckee Tahoe
Airport, the close proximity of the Reno-Tahoe Airport and daily stops made by bus and train make doing
business or vacationing in a mountain town more accommodating. The Town of Truckee is located in the
Sierra Nevada mountain range and is a mere 200 miles (N/W) from San Francisco, 100 miles (East) from
Sacramento, 40 miles (West) from Reno, NV and a matter of minutes to Lake Tahoe.
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is
made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or represent that the information presented
is correct and is released from all liability resulting from information contained herein. Interested parties are advised to undertake their
own inquiries as to the accuracy of information regarding omissions, errors, price and rental conditions.
6|Page
12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is
made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or represent that the information presented
is correct and is released from all liability resulting from information contained herein. Interested parties are advised to undertake their
own inquiries as to the accuracy of information regarding omissions, errors, price and rental conditions.
7|Page
12313 Soaring Way, Suite 2B, Truckee, CA 96161
(530) 587-7633 | www.truckeeriverassociates.com
Note: Information presented regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is
made to the accuracy thereof. Truckee River Associates, Inc. does not guarantee, warrant or represent that the information presented
is correct and is released from all liability resulting from information contained herein. Interested parties are advised to undertake their
own inquiries as to the accuracy of information regarding omissions, errors, price and rental conditions.
8|Page