10250 Donner Pass Road
A rare opportunity to own flexible commercial property in Downtown Truckee’s thriving, historic Brickletown. This unique offering includes two buildings, six suites, 3,844 square feet, and pro forma NNN income.
Well maintained with aesthetic upgrades with highly visible street frontage and parking. Situated within the historic Downtown Truckee streetscape featuring premium shops and restaurants within Northern California’s premiere resort community.
An easy drive to Lake Tahoe and the many world-class resorts, trails and local amenities, this property offers premiere visibility and access to Northern California’s wealthiest visitors.
Tenants Piper J Art Gallery, Andrew Law Firm, Hair by Beth, Lumiere Hair Studio, KT Colors Salon, Nicola B Hair Studio
2 UNITS
2,131 SQ.FT.
4 UNITS
1,713 SQ.FT.
1,411 SQ.FT.
$2.80 PER SQ.FT.
$3,951 MONTHLY RENT
$1,749 CAM PER MONTH
CURRENT USE: PIPER J GALLERY
720 SQ.FT.
$3.50 PER SQ.FT
$2,520 MONTHLY RENT
$892.80 CAM PER MONTH
CURRENT USE: ANDRES LAW FIRM
249 SQ.FT.
$3.57 PER SQ.FT.
$888.08 MONTHLY RENT
$299 CAM PER MONTH
CURRENT USE: HAIR STUDIO/RETAIL
249 SQ.FT.
$3.67 PER SQ.FT.
$914.72 MONTHLY RENT
$299 CAM PER MONTH
CURRENT USE: HAIR STUDIO/RETAIL
•
NNN LEASE ENDS 04/30/2027
640 SQ.FT.
$3.50 PER SQ.FT.
$2,240 MONTHLY RENT
$768 CAM PER MONTH
PRIVATE OUTDOOR BALCONY
CURRENT USE: HAIR STUDIO/RETAIL
NNN LEASE ENDS 06/30/2026
575 SQ.FT.
$2.75 PER SQ.FT
$1,581 MONTHLY RENT
$816.50 CAM PER MONTH
PRIVATE OUTDOOR BALCONY
CURRENT USE: HAIR STUDIO/RETAIL
* Contractor Services (part of a 7-yr depreciation of painting the bldg; total $31,200.54, 2019)
* Roof Repair (part of a 15-yr depreciation of new roof; total $37,941.52, 2019)
CITIES
San Francisco - 4 hrs drive, 1 hr flight
Sacramento - 2 hrs drive
Reno - 45 min drive
Los Angeles - 7 hrs drive, 1.5 hr flight
AMENITIES
Lake Tahoe - 20 min
Tahoe Forest Hospital - 5 min
Truckee Tahoe Airport (Private Jets) - 10 min
Reno International Airport - 45 min
Truckee, CA is a prestigious resort community at the gateway to Lake Tahoe offering access to the Sierra Nevada’s finest ski resorts and golf courses. Ultra-high net worth families among Silicon Valley’s tech elite are drawn the region for ease of travel from the San Francisco Bay Area by private air or Highway 80, residing in Truckee’s premiere resort communities including Martis Camp, Lahontan, Schaffer’s Mill, Northstar Mountainside, Gray’s Crossing and Old Greenwood.
Truckee’s primary residential population has experienced a major boost in economic capacity with the advent of remote work allowing technology and finance-sector workers to import high earning jobs to a region previously defined by resort, tourism and trades.
Average home sales have soared to nearly $1,500,000 with dozens of annual sales in excess of $5,000,000 with many families now able to live in Truckee on a coprimary home basis. Increased visitation has smoothed seasonal activity creating a sustainable economy for retail offerings.
Truckee’s tourism industry is thriving with hundreds of thousands of visitors entering the region, nearly all with exposure to Donner Pass Road’s thriving commercial district.
Residents and visitors are equally drawn to Truckee’s active recreation offerings including downhill and Nordic skiing, mountain biking, hiking, golf and lake activities.
Located in the Sierra Nevada mountain range, Truckee is just 200 miles northeast of San Francisco, California; 100 miles east of Sacramento, California; 40 miles west of Reno, Nevada; and 12 miles north of Lake Tahoe, California. Planes, trains, and automobiles are three convenient ways to get to Truckee. Highway I-80 runs right through Truckee, as does Amtrak along the Transcontinental Railroad, which passes right through town, and TRUCKEE TAHOE
AIRPORT provides for daily private and charter flights.
Downtown Truckee: 5,980 ft.
Donner Summit: 7,239 ft.
Donner Peak: 8,019 ft.
Mt. Judah: 8,243 ft.
TOWN OF TRUCKEE: 17,470
(SOURCE: U.S. CENSUS BUREAU, 2010 CENSUS)
SUMMARY FILE1.ESRI FORECASTS FOR 2020 AND 2025
Average Summer Temperature: 40-79 degrees Fahrenheit
Average Winter Temperature: 17-42 degrees Fahrenheit
Average Total Snowfall:
201 inches
Average Total Precipitation: 30 inches (source: Western Regional Climate Center)
Coldest Spot in the Nation?
Truckee has often been recognized as the coldest spot in the nation, but not during the winter ski season as one might expect. These nippy temperatures are noteworthy because they occur from June through early October. While it may be true, it really doesn’t give a true picture of Truckee’s pristine California weather pattern. Official temperatures are taken at the Truckee-Tahoe Airport, located in Martis Valley. On clear nights, cool air from the high mountains sink downslope into the valley, a high-elevation basin. The dense air mass settles into the basin, creating a chilled microclimate contributing to the chilly readings. As the sun begins to rise, so does the temperature, creating enviable summer and fall temperatures.
The Truckee Donner area has expansive granite mountain, vista, meadow, and lake terrain.
34 square miles of largely developed land in the eastern portion of Nevada County.
Vacant/Underutilized: 28.4%
Residential: 27.0%
Permanent/Protected Open Space: 18.8%
Roads/Railway Right-of-Way/Other: 12.2%
Parks, Lakes, Public/Institutional: 10.8%
Commercial/Office: 1.5%
Industrial/Mining: 1.3%
Truckee was first established in 1863 and incorporated in 1993. The Town of Truckee is one of three incorporated cities in Nevada County (Grass Valley and Nevada City are the other two). The Town is governed by five council members, elected at large for fouryear terms. Elections are held every other year, and terms are staggered.
Sales Tax (State and Local): 8.375%
(7.5% State of California, .125% Nevada County Library Tax; .5% Truckee Measure V – Roads; .25% Truckee Measure R — Trails)
Sales Tax Revenue
2020/2021: $6,197,845
2019/2020: $4,939,562
2018/2019: $4,598,381
2017/2018: $4,342,553
2016/2017: $4,067,588
2015/2016: $4,057,947
Transient Occupancy Tax (TOT): 12%
NOTE: Effective 1/1/2021, TOT increased from 10% to 12%.
2020/2021: $5,463,657
2019/2020: $3,988,560
2018/2019: $4,464,925
2017/2018: $3,399,228
2016/2017: $3,414,610
2015/2016: $2820,319
Truckee Tourism Business Improvement District (TTBID) 1.25%
Property Tax
2020/2021: $12,780,840
2019/2020: $12,083,871
2018/2019: $11,523,966
2017/2018: $10,874,121
2016/2017: $10,367,240
2015/2016: $9,749,656
The Truckee Tourism Business Improvement District (TTBID) was renewed through a resolution of the Truckee Town Council September 20, 2020. This 1.25% assessment on hotel, property management, and individual vacation home rentals funds VISIT TRUCKEETAHOE , the Destination Marketing & Management Organization (DMMO) for Truckee that promotes sustainable tourism.
Single Family:
Median price: $1,210,000
Average days on market: 23
Homes sold: 676
Condos/Townhomes:
Median price: $710,000
Average days on market: 30
Condos sold: 229
Average monthly rent: $3000
Source: Dickson Realty, Truckee, from Tahoe Sierra Multiple Listing Service, for Truckee zip code 96161, sold 4/1/21-3/24/22 (as of 4/13/22). Information deemed reliable but not guaranteed
Truckee Donner Public Utility District’s Renewable Portfolio Standard (RPS)
Truckee Visitor Profile Study
Truckee Demographic and Economic Profile Report
Envision Tahoe Prosperity Playbook
The materials contained on this Offering Memorandum could include technical inaccuracies or typographical errors. As such, Tahoe Mountain Realty. does not accept any responsibility or liability for any actions taken as a result of using this Offering Memorandum. Further, Tahoe Mountain Realty. assumes no responsibility for errors or omissions in the materials in this Offering Memorandum.
THESE ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.
All prices, features and plans are subject to change without notice. Square footages are approximate. No representation or warranties either expressed or implied are made as to the accuracy of the information herein or with respect to the suitability, usability, feasibility, merchantability or condition of any property herein described.
Tahoe Mountain Realty. further does not warrant the accuracy or completeness of information, text, graphics, links or other items contained within these materials. In no event shall Tahoe Mountain Realty. be liable for any special, indirect, incidental, or consequential damages of any kind, or any damages whatsoever resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use of the materials. The materials are subject to change without notice and do not represent a commitment of Tahoe Mountain Realty. in the future. All products and services are provided subject to applicable taxes and accompanying terms and conditions.
Conditions of Approval Shall Apply
10250 Donner Pass Road