SRS Real Estate Partners closed the $4.7-million sale of a property occupied by Plumas Bank located at 3000 Riverside Dr. in Susanville. Renovated in 2021, the 5,440-square-foot property has a new 15-year, absolute, corporate-guaranteed triple net lease in place.
VP Alexander Moore of SRS and EVP Jeff Lefko of Hanley Investment Group represented the seller, a private investment group. The buyer was a San Diego-based private investor.
“This property is an ideal, management-free investment for a passive investor with a rock-solid Plumas Bank Corporate Guaranteed Lease,” said Moore. “Our team has continued to see increased interest from net lease investors for Plumas Bank assets. 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 billion.”
The property is located within a primary retail corridor in Susanville.
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