931-939 Mica DR Drive Active Save Request In-Person Tour Request Virtual Tour
Carson City,NV 89705
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250002225
Year Built 2006
Annual Tax Amount $11,922
Lot Size 3.090 Acres
Acres 3.09
Lot Dimensions 3.09
Property Sub-Type Business
Property 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
Location
State NV
County Douglas
Zoning NC
Direction Hwy 395 South to Mica Drive
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Refrigerated
Flooring Vinyl
Exterior
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
View Y/N No
Roof Type Flat,Membrane
Building
Lot Description Landscaped
Story 1
Foundation Slab
Water Public
Structure Type Brick,Masonite
Others
Tax ID 142007619001
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional