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California  + Net Lease  | 

Plumas Bank in Susanville Trades to Private Investor

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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Inside The Story

SRS Real Estate's Moore

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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