931-939 Mica Drive Carson City, NV 89705
Other
MLS #: 250002225
Courtesy Of RE/MAX Realty Affiliates-Carson City
Property InformationDescription
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
Features
- Age: 11-20 Years Old
- Amenities: Cable Ready
- Amenities: Double pane windows
- Amenities: Security System
- Building Units: 17
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Masonite
- Floor Covering: Vinyl
- Floor Covering: Carpet
- Floor Covering: Concrete
- Floors: 1
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 250002225
- Parking Spaces: 100
- Roof Type: Flat
- Roof Type: Membrane
MAP & DIRECTIONS
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