This well-established commercial complex consists of four buildings with a total leasable square footage of 27,845 and 17 total units, many of which are occupied by long-term tenants. The property generates an annual net operating income of $371,364, with total revenues of $461,364 and expenses of $90,000. With approximately 10,000 square feet of roughed-out space available for lease at a competitive rate of $1.50 per square foot ($1.10 for rent and $0.40 for CAMs), there is substantial income potential., If fully leased, the cap rate could reach nine percent. Given that replacement costs exceed $12 million, this is a rare opportunity to acquire a high-performing asset well below today's construction costs. Whether seeking stable cash flow or a value-add investment, this property presents an outstanding opportunity
Listed By
Agency Name: RE/MAX Gold-Carson City
Agent Name: Garrett Lepire
Agency Phone: 775-885-2200
Agent Phone: 775-720-4712
Presented By
Agent Name: Arlie Holland
Agent Phone: 530.228.0518
Agency Title: Chase International Real Estate
Send an email with a link to
931-939 Mica Drive, Carson City, NV 89705.
Thank you for your inquiry! As a thank you, we have a Special Mortgage Offer for You.
We would like to provide you a free, no-obligation, home loan pre-approval review.
Connect with our team of knowlegable local agents to guide your next move with style and grace.
If the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login