$7,125,000

931939 Mica Drive , Carson City, NV 89705

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:28,000 sqft
Lot:3.09
Year Built:2006
Listing Status:Active

Listing Agent

Garrett Lepire
http://www.realtyaffiliatescarson.com
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Loan Amount:
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Description

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

Detailed Items

Other Information

931939 Mica Drive, Carson City, NV, 89705 is a commercial sale listing of 28,000 sqft on a lot of 3.09. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property931939 Mica Drive, Carson City, NV
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