SRS Real Estate Partners announced today it has completed the $5.275 million sale of an 8,554-square-foot property occupied by Plumas Bank. Situated on 1.22 acres at 11638 Donner Pass Road in Truckee, Calif., the property is approximately 16 miles from Lake Tahoe.
SRS Capital Markets Vice President Alexander Moore and Executive Vice President Jeff Lefko of Hanley Investment Group represented the seller, a private investment group. The buyer, a Bay Area-based private investor, was represented by Aaron Fritz with Kidder Mathews.
“This is a high-quality, strong credit guaranty tenant, pride of ownership asset in an affluent resort community,” said Moore. “It will be a solid, cash-flowing, long-term investment for the buyer.”
The property has a 15-year, absolute triple-net lease in place and provides the new ownership with no landlord responsibilities. Founded in 1980, the award-winning Plumas Bank is locally managed and has been voted Best Bank in Lake Tahoe and Truckee for the past 10 years. It has 16 locations throughout California and Nevada.
In 2024, SRS Capital Markets completed approximately $2.5 billion in deal volume comprised of more than 600 transactions in 45 states. SRS currently has in excess of 740 properties actively on the market with a market value surpassing $3.5 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.